John is a U.S. citizen who works for Walmart located in France. John's work contributes to:
A. U.S. GDP, but not U.S. GNP.
B. U.S. GNP, but not U.S. GDP.
C. both U.S. GDP and U.S. GNP.
D. neither U.S. GDP nor U.S. GNP.
B. U.S. GNP, but not U.S. GDP.
You might also like to view...
The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly
A) short-run aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) long-run aggregate demand
If a small change in price will lead to an infinite change in the quantity demanded, then the demand curve is: a. horizontal. b. vertical
c. inclined. d. non-linear.
To purchase goods from France, you must supply dollars and demand euros
Indicate whether the statement is true or false
When an American doctor opens a practice in Bermuda, his production there is part of U.S. GNP
a. True b. False Indicate whether the statement is true or false