Post Utme Futa 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice

Question 34 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A country's GNP is calculated as the sum of its GDP plus its net income from abroad. What is the difference between GNP and GDP?

Correct Answer A. GNP includes income earned by foreigners, while GDP does not.

B. GNP excludes income earned by foreigners, while GDP includes it.

C. GNP includes depreciation of capital assets, while GDP does not.

D. GNP excludes intermediate goods and services, while GDP includes them.

Correct Answer

Correct Option:

GNP includes income earned by foreigners, while GDP does not.

This is Post Utme Futa 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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