Correct option is D
The correct answer is (d)
Gross Domestic Product (GDP) measures the total value of all final goods and services produced within the country's borders, regardless of the nationality of the producers, within a specific period.
As such, it also measures the income earned from that production or the total amount spent on final goods and services (fewer imports).
Formula: GDP = GNP - Net Income from Abroad
National income is referred to as the total monetary value of all services and goods that are produced by a nation during a period of time.
Gross National Product (GNP) measures the total value of all final goods and services produced by the residents of a country, regardless of their location, within a specific period.