What is the term for the total market value of all final goods and services produced by a nation's citizens, regardless of where they are located?
Show answer
Gross National Product
Unlike GDP, which measures production within a country's borders, GNP measures the production of a country’s residents even if they are working or investing abroad.
Also asked as:
- What economic metric measures the total market value of all final goods and services produced by a country's residents, regardless of their location?