Which of the following statements is correct concerning GDP and GNP?
A) GDP measures output within the nation's borders only.
B) GNP measures output within the nation's borders only.
C) GDP measures output produced by a nation's factors even if they are outside the nation's borders.
D) GNP measures output outside a nation's borders,but not inside it.
Correct Answer:
Verified
Q1: If GDP per capita was $500 in
Q2: Suppose you volunteer to help clean up
Q3: GDP per capita
A)Is equal to a nation's
Q4: National income accounts assist
A)Market investors in making
Q6: A nation's GDP is
A)C + I +
Q7: If GDP grows more rapidly than population
Q8: For an economy with only two goods,skate
Q9: A nation's GDP can be calculated as
A)The
Q10: If a nation has GDP of $12,500
Q11: Which of the following is treated differently
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