The difference between GDP and GNP?

A. consumption of fixed capital
B. indirect business tax
C. net factor income from abroad
D. public transfer payment

Correct Answer: Option C

C. net factor income from abroad

Explanation

The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country. GNP = GDP + net property income from abroad.