Which of the following statements describe the Gross National Product (GNP) ?

1. the amount of goods and services manufactured each year

2. the ratio between the amount of exports versus imports

3. a standard by which economists measure the health of a nation

4. the total deficit or surplus in trade a nation has each year

(you can choose more then one.)

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Jasmine Baird

26 December, 20:14

Which of the following statements describe the Gross National Product (GNP) ?

1. the amount of goods and services manufactured each year

2. the ratio between the amount of exports versus imports

3. a standard by which economists measure the health of a nation

4. the total deficit or surplus in trade a nation has each year

(you can choose more then one.)

+1

Answers (1)

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Richard Dougherty · Answer 1

1. the amount of goods and services manufactured each year

The Gross National Product is the total market value of all the goods and services produced with the country each year. It doesn't take imports into account and is not always valid for measuring the health of the nation.