Consider the following statements about the measurement of national income: I. Gross Domestic Product (GD

• A is negative — meaning more income flows out (to foreign-owned factors) than flows in — GNP will be lower than GDP. For example, a country with many MNCs repatriating profits will have GNP < GDP. III. Gross Value Added (GV
• A at basic prices + Net Taxes on Products = GDP at market prices. Which of the above are correct?
• P measures the total market value of all final goods and services produced within a country's geographic boundaries in a given year, regardless of the nationality of producers. II. If Net Factor Income from Abroad (NFI