PRC-3 · Chapter 13 · Question 23 of 50
To convert a country's Gross Domestic Product (GDP) into Gross National Product (GNP), an economist must add which specific value?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Net factor income from abroad
Explanation
GNP measures the output produced by a country's citizens regardless of where they are in the world. It is calculated as GDP plus net factor income from abroad.
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