I need help with my economics homework!?
6. Which of the following would be part of India's GNP but not India's GDP?
A. The value of a car built in India by a British-owned firm
B. The value of U.S. chemicals sold to a firm in India
C. The value of computer software developed in India and sold to a U.S. company
D. The salary earned by a surgeon, a citizen of India, for performing an appendectomy in a hospital in Detroit, Michigan.
D. The salary earned by a surgeon, a citizen of India, for performing an appendectomy in a hospital in Detroit, Michigan.
Surgeon added value to economy outside of India (thus it's not Indian domestic product - GDP) - but surgeon is Indian resident, thus it is Indian National product - GNP.
