Multiple Choice
Per capita GDP of a country is the:
10. Measuring National Output and Income
Other Measures of Total Production and Total Income
Struggling with Macroeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which statement about GDP and GNP is true?
A
GDP measures production by a country's residents regardless of location, while GNP measures production within a country's borders.
B
GDP and GNP are always equal because they measure the same total production.
C
GNP equals GDP minus net factor income from abroad.
D
GDP measures production within a country's borders, while GNP measures production by a country's residents regardless of where it occurs.
5:10mWatch next
Master Other Measures of Total Production and Total Income with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Other Measures of Total Production and Total Income practice set
Problem sets built by lead tutorsExpert video explanations