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Gross national product

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Q: What is the total market value of all goods and services produced in a nation during a given period usually a year?
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What is the total retailed market value of all goods services produced in a nation during a given period usually a year?

Gross National Product


What is the total retail market values of all goods and services produced in a nation during a given period usually a year?

gross national product


What is the total market value of all goods ad services produced in a nation during a given period usually a year?

Gross national product


For whom are goods services produce in a market economy?

In a market economy, goods and services are produced for consumers.


What is the definition of GDP and GNP?

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.


For whom are goods and services produced in a market economy?

Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..


What is difference between GNP and NNP?

GNP: Former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr). NNP:is not a word.


Explain why the GNP and GDP are different?

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.Read more at : http://financenmoney.in/the-key-indicators-of-economic-growth-gdp-gross-domestic-product-and-gnpgross-national-product/


Who decides what goods and services will be produced in a market economy?

In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.


What are the 3 basic economic questions?

The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?


The total market value of goods and services produced in a certain county during a specific period of time Which is a following best matched the definition above?

Gross domestic product


How should goods and services be produced in a market economy?

A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.