'GNP' stands for which one of the following?
A
Great National Produce
B
Gross National Product
C
Gross Native Produce
D
General National Produce
Correct Answer: Gross National Product
Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location. GNP also measures the output generated by a country's businesses located domestically or abroad.