Multiple Choice
GDP per capita means that GDP is calculated per:
10. Measuring National Output and Income
Other Measures of Total Production and Total Income
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In macroeconomics, how is gross national product (GNP) different from gross domestic product (GDP)?
A
GNP is adjusted for inflation (real) while GDP is not adjusted for inflation (nominal).
B
GNP includes only intermediate goods while GDP includes only final goods.
C
GNP measures production by a country's residents (nationals) regardless of where it occurs, while GDP measures production within a country's borders regardless of who produces it.
D
GNP measures production within a country's borders, while GDP measures production by a country's residents regardless of where it occurs.
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