SIE Exam Question 904: Answer and Explanation

Question: 904

Which of the following is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located?

• A. GDP
• B. GNP
• C. NDP
• D. NNP

Correct Answer: B

Explanation:

GNP (gross national product) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country, wherever they are located.