Post Utme Veritas University 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A country's GNP is the total value of all goods and services produced by its citizens, regardless of where they are produced. Which of the following is a correct statement about the GNP?

Answer Options

A. The GNP is the total value of all goods and services produced within a country's borders.
Correct Answer B. The GNP is the total value of all goods and services produced by a country's citizens, regardless of where they are produced.
C. The GNP is the total value of all goods and services produced within a country's borders, including goods produced by foreigners.
D. The GNP is the total value of all goods and services produced within a country's borders, excluding goods produced by foreigners.
Correct Answer
B
Correct Option:
The GNP is the total value of all goods and services produced by a country's citizens, regardless of where they are produced.

About This Question

This is Post Utme Veritas University 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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