Which of the following best illustrates the difference between GDP and GNP?

a. GDP measures the goods consumed by the citizens of a country, while GNP measures output exported to other countries.
b. GDP measures the output produced by the citizens within a country, while GNP measures output produced by noncitizens within a country.
c. GDP measures the output produced by the citizens of a country, while GNP measures output produced within the borders of a country.
d. GDP measures the output produced within the borders of a country, while GNP measures output produced by the citizens of a country.

D

Economics

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What problems would result from the measurement of the sales of all goods and services produced?

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A decrease in income taxes can help growth and harm growth at the same time

a. True b. False

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