Question

Which of the following statements describe the Gross National Product (GNP)?

the amount of goods and services manufactured each year
the ratio between the amount of exports versus imports
a standard by which economists measure the health of a nation
the total deficit or surplus in trade a nation has each year

Answer 1

this is a multiple answer choice therefore making the answer (A) AND (D).

Explanation: (A) the amount of goods and services manufactured each year. (D) the total deficit or surplus in trade a nation has each year.

Answer 2

the amount of goods and services manufactured each year

Step-by-step explanation:

The Gross National Product represents the total amount of manufactured goods and services that a particular nation has produced in a given time period, usually a year. This economic measurement is one of the most important indicators of how strong an economy is, and also how the economy is developing. The Gross National Product is very high among the developed nations, but there's also developing nations that have much higher GNP than big portion of the developed nations, such as China, India, Brazil, Indonesia.