An Indian student paid $16,000 for a course in a university in the U.S. This transaction will lead to a(n) ________
A) decrease in the GDP of India B) increase in the GDP of India
C) increase in the GDP of U.S. D) decrease in the GDP of U.S.
C
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Why do many economists believe that money affects output? What is the empirical evidence in support of that belief?
What will be an ideal response?
Both those who favor an active approach as well as those who favor a passive approach to policy believe that the economy can suffer from extreme and long-lasting swings in real GDP
a. True b. False Indicate whether the statement is true or false
Which of the following would not cause any kind of an outward shift of a nation's production possibilities curve [PPC]?
a. An improvement in the general level of education b. Technological innovation c. Discovery of a new source of energy d. An increase in the size of the labor force e. A flood that renders thousands of acres of farmland unusable
Externalities can be positive because
A. marginal damages do not last over time. B. utility can be impacted positively as well as negatively. C. there is no concept for marginal benefit. D. positive externalities are subsidies.