By Which scale the value of all economic activity produced by a nation during a given period is measured ?
Correct answer: C. Gross National Product (GNP)
- A. Gross Domestic Product (GOP)
- B. Gross National output (GNO)
- C. Gross National Product (GNP)
- D. Gross National output
Explanation
Gross National Product measures the value of final goods and services produced by a country's nationals during a period, including net income from abroad. GDP instead measures production within the country's territory; option a also contains the typo “GOP” rather than “GDP.”
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