Related to the Economics in Practice on p. 427: 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
Q101: If depreciation equals zero and retained earnings
Q102: Personal income
A) is always less than national
Q107: If personal saving is -$10 billion and
Q109: Personal income is national income minus
A) depreciation.
B)
Q112: If the personal saving rate is 5%
Q116: If GNP is $200 billion and depreciation
Q118: If national income is $600 billion, personal
Q119: Which of the following is subtracted from
Q120: Related to the Economics in Practice on
Q121: Refer to the information provided in Table
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