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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 1
In measuring gross domestic product, goods produced by foreign firms in the United States are
A) counted, and so are goods produced by American firms in foreign countries.
B) counted, but goods produced by American firms in foreign countries are not counted.
C) not counted, but goods produced by American firms in foreign countries are counted.
D) not counted, and goods produced by American firms in foreign countries are also not counted.
A) counted, and so are goods produced by American firms in foreign countries.
B) counted, but goods produced by American firms in foreign countries are not counted.
C) not counted, but goods produced by American firms in foreign countries are counted.
D) not counted, and goods produced by American firms in foreign countries are also not counted.
Explanation
Verified
Verified
Hence, option (a)is incorrect.
Gross do...
Issues in Economics Today 7th Edition by Robert Guell
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