Question

The _____ measures the dollar value at current market prices of all final goods and services produced annually by factors of production owned by residents of a given country, regardless of where those factors are located. A. gross national product B. gross international product C. macroeconomic calculator D. gross domestic product

Answer 1

A) gross national product (GNP)

Step-by-step explanation:

The gross domestic product (GDP) measures the market value of the total production of final goods and services produced within a country during a year.

The GNP is different because it measures the market value of the total production of goods and services produced by the people or businesses of a country within a year. For example, sales of Apple products in Europe do not increase the GDP, but they increase the GNP.