Multiple Choice
Which of the following is counted in the GNP of the United States?
A) the wage of a foreign citizen who works in the United States for a U.S. firm
B) the interest earned by a Brazilian bank on loans to a business firm located in the United States
C) the profit earned by a restaurant located in the United States but owned by a Guatemalan company
D) the value of services that are produced by state and local governments in the United States
Correct Answer:
Verified
Correct Answer:
Verified
Q28: If GNP is $500 billion, receipts of
Q29: The GDP deflator in year 2 is
Q30: The total income of households is<br>A) net
Q31: Which of the following is an example
Q32: Related to the Economics in Practice on
Q34: Refer to the information provided in Table
Q35: Refer to the information provided in Table
Q36: GDP understates the value of output produced
Q37: If an economy produced 10 pizzas at
Q38: Gross domestic product measures<br>A) the total spending