A formula that calculates the total dollar value of all goods and services produced in a nation and all the goods and services p

Question

AnnyKZ [126]

3 years ago

14

A formula that calculates the total dollar value of all goods and services produced in a nation and all the goods and services p

roduced by that country s employees and companies in other nations results in the _____ of a nation.

Business

1 answer:

Lina20 [59] · Answer 1 · 2022-03-28T18:41:15+03:00

Answer:

Gross National Product (GNP)

Explanation:

According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".

*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.