Question 6
POST_UTME_OSUSTECH
•
2025
•
COMMERCE
•
objective
The concept of 'Gross National Product' (GNP) is closely related to the concept of 'Gross Domestic Product' (GDP). Discuss the relationship between GNP and GDP, and explain how they differ.
Answer Options
A.
GNP is the total value of goods and services produced within a country's borders, while GDP is the total value of goods and services produced by a country's citizens, regardless of where they are produced.
B.
GNP is the total value of goods and services produced by a country's citizens, while GDP is the total value of goods and services produced within a country's borders.
Correct Answer
C.
GNP is the total value of goods and services produced within a country's borders, while GDP is the total value of goods and services produced by a country's citizens, regardless of where they are produced, plus net income from abroad.
D.
GNP is the total value of goods and services produced by a country's citizens, while GDP is the total value of goods and services produced within a country's borders, minus net income from abroad.
Correct Answer
C
Correct Option:
GNP is the total value of goods and services produced within a country's borders, while GDP is the total value of goods and services produced by a country's citizens, regardless of where they are produced, plus net income from abroad.
About This Question
This is
Post Utme Osustech
2025
Commerce
Question 6.
It is one of the
objective
questions from the
2025
Post Utme Osustech
Commerce
examination.