Question

_____ measures final goods and services made in the United States, while _____ measures final goods and services made with American factors of production. U.S. Gross National Product, U.S. Gross Domestic Product U.S. Gross Domestic Product, U.S. Gross National Product

Answer 1

U.S. Gross Domestic Product measures final goods and services made in the United States, while U.S. Gross National Product measures final goods and services made with American factors of production. Both the factors of GDP and GNP are very important for understanding the economic health of the United States of America.