Q.

Which of the following is not a problem in comparing developed and developing countries’ GNP?

A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
B. The economic contribution of a housewife in a peasant family may not be measured in GNP in poor country.
C. GNP is understated for developing countries since many of their labor-intensive good have no impact on exchange rate since they are not trad
Answer» A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
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