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The difference between gross domestic product (GDP) and gross national product (

ID: 1232329 • Letter: T

Question

The difference between gross domestic product (GDP) and gross national product (GNP) is that GDP:

A) measures the economic activity that occurs within a country while GNP measures the economic activity of all the people and businesses of a country.

B) measures the economic activity of all the people and businesses of a country, while

GNP measures the economic activity that occurs within a country

C) excludes exports and imports while GNP does not.

D) includes exports and imports while GNP does not.

Explain:

Explanation / Answer

C) excludes exports and imports while GNP does not. GDP includes net exports and GNP does not

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