Which of the following best illustrates the difference between GDP and GNP?
A) GDP measures the goods consumed by the citizens of a country, while GNP measures output exported to other countries.
B) GDP measures the output produced by the citizens within a country, while GNP measures output produced by noncitizens within a country.
C) GDP measures the output produced by the citizens of a country, while GNP measures output produced within the borders of a country.
D) GDP measures the output produced within the borders of a country, while GNP measures output produced by the citizens of a country.
Correct Answer:
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