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
Q3: National income accounts assist
A)Market investors in making
Q4: If a nation has GDP of $12,500
Q5: Suppose iPhones cost consumers $200 and USB
Q6: The GDP per capita is the most
Q7: GDP per capita
A)Is equal to a nation's
Q9: Suppose you volunteer to help clean up
Q10: If GDP per capita was $500 in
Q11: A nation's GDP is
A)C + I +
Q12: Which of the following is excluded from
Q13: Suppose Blu-Ray players cost consumers $300 and
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