In recent Canadian history,
A) GNP is the only statistic that is calculated.
B) GNP has been much higher than GDP.
C) the difference between GNP and GDP has been very volatile.
D) there has been a significant difference between GNP and GDP.
E) there is little difference between GNP and GDP in Canada, but substantial differences in the U.S.

Question

Quizplus · Accepted Answer

There has been a significant difference between GNP and GDP in Canada. While GDP measures the value of all goods and services produced within a country's borders, GNP takes into account the income generated by residents of a country, even if they are living and working abroad. Canada has a significant number of citizens living and working abroad, resulting in a higher GNP than GDP.

In Recent Canadian History