U.S. GDP and U.S. GNP are related as follows:
A) GNP = GDP − Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.
B) GNP = GDP + Income earned by foreigners in the U.S. − Income earned by U.S. citizens abroad.
C) GNP = GDP + Value of exported goods − Value of imported goods.
D) GNP = GDP − Value of exported goods + Value of imported goods.

Question

Quizplus · Accepted Answer

Gross National Product (GNP) is calculated by taking the Gross Domestic Product (GDP) and adding the income earned by U.S. citizens abroad, then subtracting the income earned by foreigners within the U.S.

US GDP and U