24
QuizMultiple Choice

Economic Growth — Quiz

Question 24 • Personal Finance and Economics

Economists use gross national product (GNP) to measure

Answer
A
any business activity taking place outside a country.
B
the output of a nation’s citizens, regardless of where they are.
C
the output of foreign-owned businesses within a nation.
D
economic output within a nation, regardless of ownership.

Explanation

Gross national product measures the value of goods and services produced by a nation’s citizens, whether they work at home or abroad. Choice A describes this measure. By contrast, output produced within a country’s borders, regardless of who owns the businesses, is measured by gross domestic product (GDP).

AI-written and checked against the verified answer.

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