As opposed to GDP, GNP tries to measure
A) the happiness of a nation.
B) the value of all intermediate goods produced in a nation.
C) the economic performance of a nation's citizens regardless of where they happen to be producing.
D) the economic performance of a country's economy regardless of the nationality of the producers.
C
You might also like to view...
A recent purchaser of a bond that agrees to pay an annual nominal amount would hope that interest rates do not rise
Indicate whether the statement is true or false
Congress passes a tax cut because economists predict a coming recession. This is an example of what?
a. Automatic stabilization. b. Active fiscal policy. c. Discretionary monetary policy. d. Non-discretionary monetary policy. e. none of the above.
The law of diminishing marginal utility states that total utility will increase at a decreasing rate as additional units of a commodity are acquired
a. True b. False Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.