Sarah is a United States citizen. Sarah works in the United Kingdom. Which of the following statements is true? Sarah contributes to GDP and GNP of the United States. Sarah contributes to GDP and GNP of the United Kingdom. Sarah contributes to GDP of the United States and GNP of the United Kingdom. Sarah contributes to GNP of the United States and GDP of the United Kingdom. B.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
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Sarah is a United States citizen. Sarah works in the United Kingdom. Which of the following statements is true?
Sarah contributes to GDP and GNP of the United States.
Sarah contributes to GDP and GNP of the United Kingdom.
Sarah contributes to GDP of the United States and GNP of the United Kingdom.
Sarah contributes to GNP of the United States and GDP of the United Kingdom.
B.
Transcribed Image Text:Sarah is a United States citizen. Sarah works in the United Kingdom. Which of the following statements is true? Sarah contributes to GDP and GNP of the United States. Sarah contributes to GDP and GNP of the United Kingdom. Sarah contributes to GDP of the United States and GNP of the United Kingdom. Sarah contributes to GNP of the United States and GDP of the United Kingdom. B.
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Step 1

GDP is Gross Domestic Product which means the value of finished goods and services produced within the country's boundaries, by citizens and non citizens alike.

GNP is Gross National Product which means the value of goods and services produced by only a nation's citizen both domestically and abroad.

 

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