Which of the following correctly distinguishes GNP from GDP?
O GDP is the income from foreign domestic factor sources minus foreign factor income earned domestically, while GNP is the income from factor income earned domestically less foreign domestic factor sources.
O GNP is the aggregate final output of citizens and businesses in any economy, while GDP is economy activity that occurs within the geographic borders of a country.
O GDP is the aggregate final output of citizens and businesses in any economy, while GNP is economy activity that occurs within the geographic borders of a country.
O GNP is the income from foreign domestic factor sources minus foreign factor income earned domestically, while GDP is the income from factor income earned domestically less foreign domestic factor sources.