Multiple Choice
GDP and GNP are identical when
A) exports and imports exactly balance.
B) all domestic production is by domestically owned producers and no foreign production is carried out by domestic producers.
C) production by domestic producers in other countries is greater than production by foreign producers domestically.
D) there are no taxes.
Correct Answer:
Verified
Correct Answer:
Verified
Q93: If someone in the United States buys
Q94: The GDP deflator is the ratio of<br>A)real
Q95: The government purchases component of GDP includes
Q96: A country reported nominal GDP of $35
Q97: Table 23-7<br>A country produces only ice
Q99: Calculate GDP for an economy with exports
Q100: Table 23-6<br>The country of Batavia produces only
Q101: Table 23-6<br>The country of Batavia produces only
Q102: Last quarter Newton computers produced 3,000 computers.
Q103: If nominal GDP is $10,000 and real