Which of the following best defines GDP and GNP. Group of answer choices A. GDP includes exports and imports while GNP does not. B. GDP is a measurement of economic activity of all its people and businesses within a country, while GNP measures all economic activity that occurs outside a country C. GDP is a measurement of economic activity occurring within a country; GNP measures the economic activity of all the people and businesses of a country. D. GDP excludes exports and imports while GNP does not.

• GDP is a measurement of economic activity occurring within a country; GNP measures the economic activity of all the people and businesses of a country.

Explanation:

GDP is a measure of economic activity, the market value of final goods and services produced within the country's boundaries in a given period of time. GDP does not include goods and services produces outside the country. On the other hand, GNP is the market value of goods and services produced by residents of a country whether inside the country or from outside the country.

• GDP national income = national output = national expenditure
• GNP (Gross National Product) = GDP + net property income from abroad