Question
Please help to answer the following multiple choice question. Question: In your country, which would you want to be bigger, GDP or GNP? Why? Choices:
Please help to answer the following multiple choice question.
Question:
In your country, which would you want to be bigger, GDP or GNP? Why?
Choices:
a) It is better to have GNP greater than GDP because it means our nation's income is greater than the value of what we are producing domestically, and the nation enjoys a higher GDP per capita.
B) It is better to have GNP greater than GDP, because it means our nation's income is greater than the value of what we are producing domestically.
c) It is better to have GNP greater than GDP because otherwise a portion of the income generated in our country is going to people in other countries.
D) It is better to have GNP greater than GDP because it means our nation's income is greater than the value of the domestic production, and the country's social welfare is higher.
Regards,
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