The difference between GNP and GDP is
A) GNP includes income received from abroad and excludes income paid abroad.
B) GNP excludes income received from abroad and includes income paid abroad.
C) GNP includes exports and imports.
D) GNP excludes exports and imports.
E) GNP includes capital flows received from abroad and excludes capital flows to foreign countries.
A
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Refer to the scenario above. What will be the GDP per capita of country B at the beginning of year 2012?
A) $2,555.15 B) $28,82.85 C) $2,450.65 D) $2,646
Bruce the Bank Manager can reduce interest rate risk by ________ the duration of the bank's assets to increase their rate sensitivity or, alternatively, ________ the duration of the bank's liabilities
A) shortening; lengthening B) shortening; shortening C) lengthening; lengthening D) lengthening; shortening
If marginal cost is less than average cost, average cost must fall when more units are produced.
Answer the following statement true (T) or false (F)
Marginal profit is the slope of the total profit curve.
Answer the following statement true (T) or false (F)