Which of the following would be included in the United States' GNP but not GDP? An American named Elizabeth provides financial services in Kansas City, Missouri An American named Amy provides accounting services in Beijing A Colombian citizen provides legal services in Miami A French citizen provides medical services in Quebec City, Canada None of the above

Question

Social Studies

Ansley Fowler

19 May, 23:55

Which of the following would be included in the United States' GNP but not GDP? An American named Elizabeth provides financial services in Kansas City, Missouri An American named Amy provides accounting services in Beijing A Colombian citizen provides legal services in Miami A French citizen provides medical services in Quebec City, Canada None of the above

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Answers (1)

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Moses Moses · Answer 1

An American named Amy provides accounting services in Beijing

Explanation:

GDP is the sum of the values of all goods and services produced by an economy in a given period. In calculating GDP, all goods and services produced on national territory by national or foreign companies are considered. GNP is another measure of US wealth measurement, but one that disregards what is produced by foreign companies in US territory and considers what is produced by US companies in foreign territories. So if a US citizen produces accounting services in China, it will be counted in GNP rather than GDP.