Economics · National Income
In the macroeconomic identity GNP = GDP + X - M, what does the variable 'M' represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income earned by foreigners within the domestic territory✓
- 2Income earned by citizens from abroad
- 3Marginal propensity to consume
- 4Total value of domestic manufacturing production
Correct answer
Income earned by foreigners within the domestic territory
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