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GNP: Definition & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If a United States company manufactures widgets in Malaysia, the value of those widgets should be included in which of the following?

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1. What is one of the main uses of GNP?

2. Which is one of the three largest components of GNP?

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About This Quiz & Worksheet

This quiz and worksheet combo will ensure you understand the GNP formula. Some of the variables you'll need to consider are consumer spending and where products are produced.

Quiz & Worksheet Goals

Use the printable worksheet and quiz to:

  • Define what the GNP measures
  • Understand GNP's uses
  • Who is affected by the GNP

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about the components and uses of GNP
  • Making connections - use understanding of the concept goods produced by foreign countries within another nation
  • Distinguishing differences - compare and contrast topics from the lesson such as GNP and GDP

Additional Learning

To learn more about the concept of Gross National Product, review the lesson titled GNP: Definition & Formula. The lesson's objectives are:

  • Understand how globalization complicates measuring a nation's economy
  • Define and breakdown the GNP formula
  • Know the meaning of economic output
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