Question : Which of the following represents the value of all goods and services produced by the citizens of a country, whether within the country or abroad?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)

Question : Net domestic product is calculated as_______.

Option 1: Gross Domestic Product (GDP)  - Depreciation

Option 2: Gross National Product (GNP) - Depreciation

Option 3: Gross Domestic Product (GDP) - Net income earned from abroad

Option 4: Gross National Product (GNP)  - Net income earned from abroad

Question : Which of the following represents the income earned by foreign factors of production located within a country?

Option 1: Gross National Product (GNP)

Option 2: Net Domestic Product (NDP)

Option 3: Net National Product (NNP)

Option 4: Personal income

Question : Which of the following represents the value of all goods and services produced within the domestic boundaries of a country?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)

Question : Which of the following is a measure of national income that takes into account the value of goods and services produced by a country's residents both domestically and abroad?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)