GDP and GNP are identical when
A) exports and imports exactly balance.
B) all domestic production is by domestically owned producers and no foreign production is carried out by domestic producers.
C) production by domestic producers in other countries is greater than production by foreign producers domestically.
D) there are no taxes.
Correct Answer:
Verified
Q196: Table 23-1
The following table contains data
Q197: The value of goods added to a
Q198: Disposable personal income is the income that
A)households
Q199: Net exports equal
A)exports plus imports.
B)imports minus exports.
C)Y
Q200: Table 23-1
The following table contains data
Q202: Table 23-2
The following table contains data
Q203: If net exports is a negative number
Q204: Changes in the GDP deflator reflect
A)only changes
Q205: A Texas household receives a Social Security
Q206: Real GDP is the yearly production of
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