Question

Which of the following would NOT apply to the GNP of the United States?

A. Total value of goods and services produced by U.S. residents
B. Income earned by U.S. citizens abroad
C. Value of goods produced by foreign-owned companies in the U.S.
D. Total value of goods and services produced worldwide

Answer 1

The GNP of the United States includes the total value of goods and services produced by U.S. residents, income earned by U.S. citizens abroad, and the value of goods produced by foreign-owned companies in the U.S., but it does not include the total value of goods and services produced worldwide.

Step-by-step explanation:

The GNP (Gross National Product) of the United States is the total value of goods and services produced by U.S. residents, as well as the income earned by U.S. citizens abroad and the value of goods produced by foreign-owned companies in the U.S.

However, the GNP does not include the total value of goods and services produced worldwide.

This means that option D, 'Total value of goods and services produced worldwide,' would NOT apply to the GNP of the United States.