CIMA BA1 · Chapter 1 · Question 3 of 10
Gross national product (GNP) is best defined as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Gross domestic product plus net property income from abroad
Explanation
GDP measures output produced within the country's borders. GNP (gross national income) adds net income earned by residents from assets owned abroad, i.e. property income received from abroad less property income paid abroad.
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