Related to the Economics in Practice on p. 107: If a Swiss dealer sells a newly produced Swiss watch on eBay to a U.S. customer, the value of the watch is
A) counted in U.S. GDP.
B) counted in U.S. GDP and Swiss GDP.
C) counted in Swiss GDP.
D) not counted in either U.S. or Swiss GDP.
Correct Answer:
Verified
Q103: If disposable personal income is $400 billion
Q104: If GDP is $300 billion, depreciation is
Q105: Net national product is
A) GDP plus depreciation.
B)
Q106: The total income of households is
A) net
Q107: If personal saving is -$10 billion and
Q109: Personal income is national income minus
A) depreciation.
B)
Q110: If GNP is $800 billion and depreciation
Q111: Related to the Economics in Practice on
Q112: If the personal saving rate is 5%
Q113: If personal income is $925 billion and
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