The opening of a new American-owned factory in Egypt would tend to increase Egypt's GDP more than it increases Egypt's GNP because
A) some of the income from the factory accrues to people who do not live in Egypt.
B) gross domestic product is income earned within a country by both residents and nonresidents,whereas gross national product is the income earned by residents of a country while producing both at home and abroad.
C) all of the income from the factory is included in Egypt's GDP.
D) All of the above are correct.
Correct Answer:
Verified
Q16: On a production function,as capital per worker
Q35: The slope of the production function with
Q62: Foreign saving is used for domestic investment
Q77: Which of the following countries benefited significantly
Q83: In the U.S. ,each additional year of
Q84: Investment from abroad
A)is a way for poor
Q88: An organization that tries to encourage the
Q264: Over the period 1960-1991,
A)South Korea had a
Q264: When Mexico experiences investment from abroad,it experiences,as
Q271: If an American-based firm opens and operates
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