Which of the Following Best Gives the Meaning of the Term

Multiple Choice

Which of the following best gives the meaning of the term gross national product?

A) Total quantity of goods and services produced by an economic system
B) Total quantity of goods and services produced within a given period by a national economy, not including foreign production
C) Total value of all goods and services produced within a given period by a national economy through domestic factors of production
D) Total value of all goods and services produced within a given period regardless of where the factors of production are located
E) Total value of all goods and services that are exported