As a measure of Canadian economic activity GDP is to GNP. As a measure of the income accruing to Canadian residents, GDP is to GNP.
A) equivalent ; inferior
B) superior ; equivalent
C) inferior ; equivalent
D) inferior ; superior
E) superior ; inferior
Correct Answer:
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Q44: Which of the following statements regarding investment
Q45: Which of the following is included in
Q46: The term "fixed investment" refers to
A)total gross
Q47: When calculating GDP from the expenditure side,
Q48: In the national income and product accounts,
Q50: Which of the following statements about depreciation
Q51: When calculating GDP from the expenditure side,
Q52: If a firm's depreciation exceeds its gross
Q53: One major reason that GDP is an
Q54: Suppose you are hired as a consultant
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