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WAEC Economics 2011 Question 37

Question 37

National Income

When a country's net income from abroad is added to its total output, the result is

  1. A.gross domestic product.
  2. B.net national product.
  3. C.gross national product.
  4. D.net domestic product.
Show the answer and explanation

Answer: C (gross national product.)

Explanation

GNP = GDP + net income from abroad.