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.
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.
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 4QP
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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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