A Chinese worker started working in the U.S. and earned an income of $10,000 during a certain year. This will lead to a(n) ________ in the same year
A) increase in the GDP of U.S B) increase in the GNP of U.S.
C) decrease in the GDP of China D) increase in the GDP of China
A
You might also like to view...
Which of the following is not likely to occur because of exchange rate fluctuations?
A. An end to flexible exchange rates worldwide. B. Inflation. C. An increase in the demand for imports. D. A decrease in the demand for exports.
The contribution to total revenues coming from the next worker hired is
A) marginal product. B) marginal revenue product. C) total product. D) total revenues.
In the above figure, if the price level is 110
A. total expenditures exceed total planned expenditures. B. total planned production equals total expenditures. C. total planned production exceeds total expenditures. D. total planned production is less than total expenditures.
For perfectly competitive firms,
A. marginal revenue equals total revenue. B. total revenue equals price. C. marginal revenue equals price. D. all of the above