GDP and GNP are identical when
a. exports and imports exactly balance.
b. all domestic production is by domestically owned producers and no foreign production is carried out by domestic producers.
c. production by domestic producers in other countries is greater than production by foreign producers domestically.
d. there are no taxes.
b
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How does the increasing use of digital cameras affect the market for traditional camera film?
A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the left. C) The quantity of traditional camera film demanded increases. D) The demand curve for traditional camera film shifts to the right.
Which of the following alternatives signify the difference between the present value of a $150 perpetuity and 2-year $150 annuity, both discounted at 15 percent per annum
a. The perpetuity would require an initial investment worth $100 while the annuity would require an initial investment worth $244.07. b. The perpetuity would require an initial investment worth $1,500 while the annuity would require an initial investment worth $115.07. c. The perpetuity would require an initial investment worth $1,000 while the annuity would require an initial investment worth $244.07. d. The perpetuity would require an initial investment worth $100 while the annuity would require an initial investment worth $115.07.
"Tariffs are necessary for reasons of national security." Discuss the validity of this statement
The main objective of a business in a market economy is
A. controlling costs. B. maximizing the production function. C. profit maximization. D. decreasing revenue.