Multiple Choice
Related to the Economics in Practice on p. 107: The value of the used goods sold on eBay from a U.S. seller to a U.S. buyer is
A) counted in U.S. GDP but not GNP.
B) counted in U.S. GNP but not GDP.
C) counted in both U.S. GDP and GNP.
D) not counted in either U.S. GDP or GNP.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Refer to the information provided in Table
Q49: If in the same period output doubles
Q50: Refer to the information provided in Table
Q51: If personal saving is -$40 billion and
Q52: If gross investment in 2017 is $750
Q54: A GDP deflator is real GDP divided
Q55: If depreciation equals zero and retained earnings
Q56: Net national product is<br>A) GDP plus depreciation.<br>B)
Q57: The single largest expenditure component in GDP
Q58: If net investment is zero, then<br>A) gross