How Does U

Multiple Choice

How does U.S.gross domestic product (GDP) differ from U.S.gross national product (GNP) ?

A) GNP = GDP - losses from depreciation
B) GNP = GDP + income earned by U.S.citizens abroad - income that foreign citizens earned in the U.S.
C) GNP = GDP + transfer payments to households + - indirect sales taxes
D) GNP = GDP - depreciation - retained earnings