5
QuizMultiple Choice

Economic Growth

Question 5 • * HSA 26-27 Economics

Economists use gross national product (GNP) to measure

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

Explanation

GNP measures the value of goods and services produced by a country’s residents, including production abroad. It does not count all output within the country regardless of who owns or operates it; that is the focus of GDP. So the correct choice is the output of a nation’s citizens, regardless of where they are.

AI-written and checked against the verified answer.

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