Multiple Choice
If WarmWear,a U.S.manufacturer of winter clothing,opens a new factory in Austria,then
A) Austrian GNP increases by more than Austrian GDP,because GDP includes income earned by foreigners working in Austria.
B) Austrian GNP increases by more than Austrian GDP,because GDP excludes income earned by foreigners working in Austria.
C) Austrian GNP increases by less than Austrian GDP,because GDP includes income earned by foreigners working in Austria.
D) Austrian GNP increases by less than Austrian GDP,because GDP excludes income earned by foreigners working in Austria.
Correct Answer:
Verified
Correct Answer:
Verified
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