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5. Which best explains the difference between GDP and GNP? GDP... * a.calculates the total output of all businesses in the country while GNP also calculates the total output of its citizens. b.calculates the total output of all sectors in the country while GNP calculates the total input of all sectors. c.measures the total of final goods/services produced within a country while GNP includes production by citizens outside the country. d.measure the total of final goods/services produced by all citizens while GNP measures only those produced inside the country. 6. Malaya Company is owned by a Filipino but its factories operate in Singapore. Which gross calculation will their production be a part of? * a.GDP, because it is owned by a Filipino. b.GDP, because it was produced in the Philippines. c.GNP, because it was produced in Singapore. d.GNP, because it was made by Singaporean workers.
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