U.s. gdp and u.s. gnp are related as follows?

a. GNP-GDP+Value of exported goods - Value of imported goods.
b. GNP = GDP-value of exported goods + Value of imported goods.
c. GNP GDP Income earned by foreigners in the U.S. Income earned by U.S. citizens abroad.
d. GNP-GDP-Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.

Respuesta :

The way that the GDP and GNP of the United States are related is d. GNP = GDP - Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.

What are GNP and GDP?

The Gross Domestic Product (GDP) of a nation, refers to the dollar value of the entire amount of goods and services that were produced in a nation within a period of time. This period of time is often a year. The Gross Domestic Product only takes into account, the final value of goods and services so that it can avoid double counting from intermediate goods.

The Gross National Product on the other hand, includes production value for only United States citizens. In order words, the Gross National Product (GNP) can be defined as the total Gross Domestic Product in a nation, and then the income earned by American citizens abroad would then be added and then the income that foreigners in the United States earn, is deducted.

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