Gross national product of China can be calculated from China's GDP by
A) adding the value of output produced by China's residents and sold abroad.
B) adding the income earned from the rest of the world by China's residents and subtracting payments made by China's residents to the rest of the world.
C) subtracting the value of output produced by China's residents and sold abroad.
D) subtracting the income earned from the rest of the world by China's residents and adding payments made by China's residents to the rest of the world.
Correct Answer:
Verified
Q64: The gross national product of the U.S.measures
A)the
Q66: Which of the following statements about gross
Q67: Double counting in GDP accounting
A)refers to the
Q68: Gross domestic income (GDI)is defined as
A)the income
Q70: In GDP accounting, the value of total
Q71: Vikram, an Indian national working for the
Q72: Which of the following is an advantage
Q73: If we add up all the values
Q74: The value of gross domestic product (GDP)differs
Q82: The value of income generated by the
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