JAMB Economics 2023 Objective — Question 19
Question 19 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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The total monetary value of goods produced by the citizens of an economy is referred to as
- A. (A) gross domestic product
- B. (B) gross national productCorrect
- C. (C) net national product
- D. (D) net domestic product
Explanation
GNP is the total value of goods and services produced by the citizens of a country (wherever located) within a period.
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