Which of the following would be added to the GDP to determine the GNP?
a. the profits a Canadian company earns in Colorado
b. the profits a U.S. company earns in Vancouver
c. the profits a Canadian company earns in Quebec
d. the profits a U.S. company earns in Florida
b. the profits a U.S. company earns in Vancouver
You might also like to view...
Best National Bank is subject to a 20 percent required reserve ratio. If this bank received a new checkable deposit of $1,000 . it could make new loans of:
a. $500 b. $800. c. $1,000 d. $5,000.
If a market system is functioning well, we can conclude that goods with
a. high opportunity costs tend to have high money costs. b. low opportunity costs tend to have high money costs. c. high opportunity costs tend to have low money costs. d. low opportunity costs tend to have zero money costs. e. high opportunity costs tend to have zero money costs.
Costs exist because ______.
a. the government establishes price controls b. goods and services are taxed and subsidized c. trade is a system of voluntary exchange d. resources are scarce and have competing uses
Economics is a social science that is concerned with:
of productive resources so there is a minimum level of income b. The best use of scarce resources paid for at the highest level of cost to consumers and businesses c. The best use of scarce resources to achieve the maximum satisfaction of economic wants d. Increasing the amount of productive resources so there is maximum output in society