Gross national product (GNP) is the total market value of all final goods and services produced in a country for a given time period

Indicate whether the statement is true or false
a. True
b. False

ANSWER: False

Gross domestic product (GDP) is the total market value of all final goods and services produced in a country for a given time period. The term final refers to final products that are sold, not to intermediary products used in the assembly of a final product.