The value of goods and services produced by residents of a country and the value of their property is…
Gross National Product measures production attributable to a country's residents. It is obtained by adding net factor income from abroad to Gross Domestic Product, whereas…
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The value of goods and services produced by residents of a country and the value of their property is called:
Answer and explanation
Correct answer C
Gross National Product measures production attributable to a country's residents. It is obtained by adding net factor income from abroad to Gross Domestic Product, whereas domestic measures focus on production within the country's territory.
Practice for these exams
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Kerala SET (LBS Centre)