Nations such as Egypt and Turkey have wide differences between GNP and GDP because both countries
A) have a high level of imports and exports relative to GNP.
B) have a large portion of their GNP produced by multinational corporations.
C) have a large number of citizens working abroad.
D) purchase large amounts of military wares from other countries.
Correct Answer:
Verified
Q33: The income-expenditure identity says that
A)Y = C
Q34: The government budget surplus equals
A)government purchases plus
Q35: Private disposable income equals
A)GNP - taxes +
Q36: If a Canadian construction company built a
Q37: In using the expenditure approach to GNP,consumption
Q39: In the expenditure approach to GDP,which of
Q40: Net national income is equal to
A)GDP minus
Q41: Measuring GDP in nominal terms
A)is the most
Q42: On January 1,2001,the GDP deflator for Old
Q43: If real GDP falls by 1 percent,but
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