Solved

If GDP Is £500 Billion, Receipts of Factor Income from the Rest

Question 17

Multiple Choice

If GDP is £500 billion, receipts of factor income from the rest of the world are £25 billion, and payments of factor income to the rest of the world are £10 billion, then GNP is


A) £535 billion.
B) £515 billion.
C) £465 billion.
D) £485 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: If people anticipate a rise in the

Q13: Technological process is one of the most

Q14: Which of the following stylised facts about

Q15: Long- term growth of output depends upon

Q16: An increase in capital per worker will

Q18: Which of the following is not a

Q19: Injections are assumed in the Keynesian model

Q20: What would we expect to be happening

Q21: GDP includes all transactions in which money

Q22: Cost- push inflation can be caused by