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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 20
When the Japanese car maker Toyota expands one of its car factories in the United States, what is the likely impact of this event on the GDP and GNP of the United States?
A) GDP rises and GNP falls.
B) GNP rises and GDP falls.
C) GDP shows a larger increase than GNP.
D) GNP shows a larger increase than GDP.
A) GDP rises and GNP falls.
B) GNP rises and GDP falls.
C) GDP shows a larger increase than GNP.
D) GNP shows a larger increase than GDP.
Explanation
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Gross domestic product (GDP) refers to t...
Essentials of Economics 7th Edition by Gregory Mankiw
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