Asked by Caitlin Moore on Jun 18, 2024
Verified
The gross national product (GNP)is a measure of the domestic goods and services produced within the nation on an annual basis.
Gross National Product
The total value of all goods and services produced by a country's residents over a specified time period, plus the net income from abroad.
Domestic Goods
Products that are produced within a country's borders, as opposed to goods imported from abroad.
- Distinguish key economic indicators and their relevance to healthcare economics.
Verified Answer
NW
Niteria WalkerJun 21, 2024
Final Answer :
False
Explanation :
The GNP refers to the goods and services produced in a nation (defined by ownership location)and is measured on an annual basis.Alternately,you will see comparisons with the gross domestic product,or GDP,which is restricted to the goods and services produced within the nation (defined geographically),thus excluding business not located in the particular nation.
Learning Objectives
- Distinguish key economic indicators and their relevance to healthcare economics.