Items counted in U.S. GDP, but excluded from U.S. GNP, are
a. the value of the automobiles produced by a General Motors plant in Spain
b. U.S. assets abroad
c. income earned by U.S. citizens working in foreign economies
d. a Nissan plant's output in Tennessee
e. a Foot Locker's sales at its new store in Edmonton, Canada
D
You might also like to view...
An increase in the real interest rate outside of the United States will ________ the demand for the dollar and ________ the demand for foreign financial assets
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
To obtain the market demand curve for a product, sum the individual demand curves
a. vertically. b. diagonally. c. horizontally. d. and then average them.
Indifference curves further from the origin imply:
A. a lower level of satisfaction. B. the same level of satisfaction as any other curve. C. a higher level of satisfaction. D. None of the statements is correct.
Opportunity cost is best defined as the value of
A. all of the other possible options that the decision maker could have chosen. B. the alternative which the decision maker would choose if more resources were available. C. what is gained from the alternative which is chosen. D. resources that are given up to attain the alternative that is chosen. E. the next best alternative that the decision forces one to give up.