GDP differs from GNP because GDP

  • A is inclusive of depreciation
  • B emphasizes the final goods and service produced within the country at a particular period
  • C emphasizes the goods and services within the country
  • D emphasizes the market value of all final goods and services produced by nationals
jamb 2004economics

The correct answer is B. emphasizes the final goods and service produced within the country at a particular period

GNP differs from GDP because GDP:

GDP focuses on the total value of all final goods and services produced within the geographical boundaries of a country, regardless of whether the production is done by domestic or foreign entities.

On the other hand, GNP (Gross National Product) includes the total value of goods and services produced by the country's nationals, whether they are produced within the country's borders or abroad.

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