Suppose that the BMW plant in Spartanburg, SC, produces $10 million worth of vehicles in a given year. Of this total amount, $1 million in profits are returned to the owners of the company in Germany. The $1 million in profits

A) contributes to both U.S. GDP and U.S. GNP.
B) contributes to U.S. GNP, but not U.S. GDP.
C) contributes to U.S. GDP, but not U.S. GNP.
D) contributes to neither U.S. GDP, nor U.S. GNP.


C

Economics

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If the income elasticity of demand for good A was 3.9 and the income elasticity of demand for B was 0.2: a. Both good A and good B are normal

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Economics

The securities, such as stocks or bonds, constitutes a(n) ________ for the borrowers and a (n) ________ for the saver

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Economics