In recent U.S. history
A) GDP has been much higher than GNP.
B) GNP has been much higher than GDP.
C) the difference between GNP and GDP has been very volatile.
D) there has been little practical difference between GNP and GDP.

Question

Quizplus · Accepted Answer

In recent U.S. history, there has been little practical difference between GNP and GDP, as the two measures have been fairly similar due to the dominance of the service sector in the economy and the relatively small role of international trade. Therefore, the distinction between GNP and GDP has been less important in practical terms.

In Recent U.S. History