Chemical Engineering Basics - Engineering

Q1:

Gross national product (GNP) means the total value of __________ in a country.

A goods produced

B gold reserve

C earning of the citizens

D taxes paid

ANS:A - goods produced

The term "goods produced" refers to the tangible items manufactured or produced within a specific geographical area, such as a country, region, or city. These goods can include items like automobiles, electronics, clothing, food products, and machinery. In summary, while "goods produced" is a component of GNP, it does not fully encompass the concept, as GNP includes both goods and services produced by citizens, regardless of where they are produced.