Multiple Choice
Which of the following statements about GNP is correct?
A) It measures the market value of all goods and services, both final and intermediate, produced by resources located within a nation regardless of who owns those resources.
B) It measures the market value of all goods and services, both final and intermediate, produced by residents and firms regardless of the location of production.
C) It measures the market value of all final goods and services produced by residents and firms of a nation regardless of the location of production.
D) It measures the market value of all final goods and services produced by resources located within a nation regardless of who owns those resources.
Correct Answer:
Verified
Correct Answer:
Verified
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