Which of the following statements is true?
A) Final goods and services produced in Canada by foreigners are part of the foreign country's GDP.
B) Final goods and services produced in Canada by foreigners are imports.
C) Final goods and services produced in Canada by foreigners are exports.
D) Final goods and services produced abroad by Canadians are part of Canadian GDP.
E) Final goods and services produced in Canada by foreigners are part of Canada's GDP.
Correct Answer:
Verified
Q7: The purchasers in the goods markets are
A)households
Q8: In the circular flow model,
A)firms are sellers
Q9: In calculating GDP, economists use the value
Q10: Suppose the economy's capital increases over the
Q11: The change in capital from year to
Q13: Which one of the following flows from
Q14: Which one of the following is an
Q15: Gross domestic product is
A)the market value of
Q16: The circular flow diagram illustrates the expenditures
Q17: Which of the following is not correct?
A)Gross
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents