Which of the following is treated differently in computations of GNP as compared with GDP?
A) Sales in the underground economy.
B) Goods produced by U.S.firms located in foreign countries.
C) Intermediate goods.
D) The value of services performed by housewives.
Correct Answer:
Verified
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A)C + I +
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Q9: A nation's GDP can be calculated as
A)The
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Q12: GDP can be calculated by all of
Q13: Prices are used in national income accounting
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Q15: Which of the following is excluded from
Q16: Suppose a friend claims he is helping
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