Multiple Choice
Greg,a Canadian citizen,works in the United States but lives with his family in Canada.How does his employment impact GDP and GNP?
A) He raises Canadian GDP because he spends part of his income in Canada.
B) He lowers U.S.GDP because he takes his income out of the U.S.
C) He raises Canadian GNP because he earns income abroad.
D) He lowers Canadian GNP because he earns income abroad.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following best defines a
Q7: A Canadian oil company purchases new drilling
Q8: If Susan decides to groom her dog
Q10: National income differs from net national product
Q11: In 2014,how large were Canadian government purchases
Q14: Which example would affect GDP,as measured by
Q15: How is a country's wealth related to
Q16: What was the approximate GDP per person
Q17: Table 5-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4801/.jpg" alt="Table 5-1
Q96: In a simple circular-flow diagram, how are