Multiple Choice
Which of the following statements is correct concerning GDP and GNP?
A) GDP measures output within the nation's borders only.
B) GNP measures output within the nation's borders only.
C) GDP measures output produced by a nation's factors even if they are outside the nation's borders.
D) GNP measures output outside a nation's borders,but not inside it.
Correct Answer:
Verified
Correct Answer:
Verified
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