How does U.S. gross domestic product (GDP) differ from U.S. gross national product (GNP)?
a. GNP = GDP - losses from depreciation
b. GNP = GDP + income earned by U.S. citizens abroad - income that foreign citizens earned in the U.S.
c. GNP = GDP + transfer payments to households + - indirect sales taxes
d. GNP = GDP - depreciation - retained earnings
b
You might also like to view...
Economists who support market-based reforms for health care believe that increased competition among providers of health care would
A) increase costs but increase economic efficiency. B) increase costs and decrease economic efficiency. C) decrease costs and increase economic efficiency. D) decrease costs but decrease economic efficiency.
The optimal sharing group _____
a. increases as the cost of the public good increases b. declines as the cost of the public good increases c. declines as the cost of the public good declines d. increases as the cost of the public good increases
Organizational structure can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
Income is to money as
A. short story is to novel. B. video is to digital photo. C. song is to symphony. D. entree is to dessert.