An American company operates a fast food restaurant in Paris, France. Which of the following statements is accurate?
a. The value of the goods and services produced by the restaurant is included in both French GDP and U.S. GDP.
b. The value added by American workers and equipment in France is included in U.S. GDP and the value added by French workers and equipment is added to French GDP.
c. The value of the goods and services produced by the restaurant is included in French GDP, but not in U.S. GDP.
d. The value of the goods and services produced by the restaurant is included in U.S. GDP, but not in French GDP.
c
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The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible b. requiring employees to punch time clocks c. spot checks of the quality of employee work d. replacing closed offices with cubical office spaces
If expectations about the future don't change at all, then an economic downturn will generally:
A. decrease savings at a given interest rate and shift the supply curve for loanable funds to the left. B. increase savings at a given interest rate and shift the supply curve for loanable funds to the left. C. decrease savings at a given interest rate and shift the supply curve for loanable funds to the right. D. increase savings at a given interest rate and shift the supply curve for loanable funds to the right.
The decisions of firms and households are guided by prices and self-interest in a
a. command economy. b. centrally-planned economy. c. market economy. d. All of the above are correct.
If $500 of new reserves generates $1000 of new money in the economy, then the money multiplier is a. 2 and the reserve ratio is 50 percent. b. 2 and the reserve ratio is 2 percent
c. 0.5 and the reserve ratio is 50 percent. d. 0.5 and the reserve ratio is 2 percent.