Question

Defined as the total value of all final goods and services produced with a country plus net income from transactions like with other countries.

Per capita income

Gross domestic product

National Income

Human Development Index

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Answer 1

Answer:

Gross domestic product (GDP) is defined as "the value of all final goods and services produced in a country in 1 year". Gross national product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country."