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Gross National Product is the money measure of
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- all tangible goods produced in a country
- final goods and services produced in the economy
- services generated annually in the economy
- all tangible goods available in the economy
- all tangible goods produced in a country
Correct Option: B
Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. It is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country.
