As opposed to GDP, GNP tries to measure
A) the happiness of a nation.
B) the value of all intermediate goods produced in a nation.
C) the economic performance of a nation's citizens regardless of where they happen to be producing.
D) the economic performance of a country's economy regardless of the nationality of the producers.
Question 2
Why did India's economic growth rate lag far behind growth rates in South Korea, Japan, and Taiwan between 1960 and 1999?
A) Indian households saved too much and spent too little.
B) Indian government officials opened the nation up to free international trade.
C) India engaged in central economic planning.
D) India has too small of a population to generate a highly specialized division of labor.
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