Multiple Choice
Refer to the information provided in Table 6.3 below to answer the questions that follow.
Table 6.3
-If receipts of factor income from the rest of the world exceed payments of factor income to the rest of the world, then
A) GDP is greater than GNP.
B) GDP equals GNP.
C) GNP equals NNP.
D) GNP is greater than GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: The change in business inventories is a
Q16: If real GDP falls, then so must
Q17: Depreciation is included in GDP, but excluded
Q18: If GNP is $625 billion and depreciation
Q19: GDP calculations include goods, but not services.
Q21: If gross investment in 2016 is $750
Q22: If the personal saving rate is 5%
Q23: The GDP deflator in year 4 is
Q24: Refer to the information provided in Table
Q25: Fixed weight indexes can not account for