When moving from gross domestic product to gross national product, one has to

a. add earnings by foreign residents and firms in the United States.
b. subtract earnings by foreign residents and firms in the United States.
c. subtract foreign earnings of U.S. residents and firms.
d. add foreign earnings of U.S. residents and firms.
e. Both b and d


E

Economics

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Exhibit 9-1 A monopolistic competitive firm ? As represented in Exhibit 9-1, the maximum long-run economic profit earned by this monopolistic competitive firm is:

A. zero. B. $200 per day. C. $1,000 per day. D. $20,000 per day.

Economics

Refer to the information provided in Figure 13.10 below to answer the question(s) that follow.  Figure 13.10 Refer to Figure 13.10. If the government imposed a ________ on this firm, the firm would sell to 2,500 subscribers but would require a subsidy of $1,250 to stay in business.

A. price floor of $12 B. price ceiling of $12.50 C. price floor of $12.50 D. price ceiling of $12

Economics

The long-run real interest rate is the long-run nominal interest rate ________

A) minus inflation expectations B) plus all taxes C) plus inflation expectations D) minus all taxes

Economics

Differences in the stock of physical capital between nations are an example of a(n):

A) implicit cause of prosperity. B) proximate cause of prosperity. C) fundamental cause of prosperity. D) explicit cause of prosperity.

Economics