SIE Exam Question 904: Answer and Explanation

Question: 904

Which of the following is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located?

  • A. GDP
  • B. GNP
  • C. NDP
  • D. NNP

Correct Answer: B

Explanation:

GNP (gross national product) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located.

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