In an open economy, GNI is equal to:
A) exports of goods and services plus imports of goods and services.
B) GDP.
C) GDP, minus factor services imports, plus factor services exports.
D) GDP plus international transfers and gifts to foreigners.
Correct Answer:
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Q6: Income paid to factors is called:
A) national
Q7: Net factor income from abroad is defined
Q8: When calculating GDP in an open economy,
Q9: In a closed economy, income generated from
Q10: In a closed economy in which no
Q12: Summaries of international flows of goods and
Q13: Which of the following factors is NOT
Q14: Government consumption expenditure includes the following, EXCEPT
Q15: In the flow diagram representing an open
Q16: Tracking and measuring international flows of goods
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