Question: What is the main conceptual difference between GDP and GNP for countries with many citizens who work abroad?

What is the main conceptual difference between GDP and GNP for countries with many citizens who work abroad?

Step by Step Solution

★★★★★

3.34 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In effect there is a major conceptual difference between Gross Domestic Product GDP and Gross Nation... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Macroeconomics Questions!

Q:

Suppose that player B rather than player A gets to move first in the sequential game described in this chapter. Draw the extensive form of the new game. What is the equilibrium for this game? Does...

Q:

What is the most significant difference between GDP and GNP for countries that have many citizens who work abroad?

Q:

Using the article Comparing Crime Rates between Undocumented Immigrants, Legal Immigrants, and Native-born US citizens in Texas, write a 2-3 page-paper (double-spaced, 1-inch margins, times roman...

Q:

ctor is calculated based on samples and included in GDP. but service provided by housewife etc at home are not recorded in GDP. Thus, developing countries such as India has such economic activities...

Q:

8. What would be the most significant difference between GDP and GNP for countries that have many citizens who work abroad?

Q:

8. What is the most significant difference between GDP and GNP for countries that have many citizens who work abroad?

Q:

Directions:Each of the questions or incomplete statements below is followed by five suggested answers or completions. Select the one that is best in each case and write the correct letter of your...

Q:

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...

Q:

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...

Q:

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...

Q:

1a. What does GDP measures and is it a good method of measurement? 1b. Is there a difference between GDP and GNP? if yes, what is the main difference? 2. Suppose we have a population of 20 million...

Q:

You work at the ECPI Bookstore, and you are asked by your supervisor to write a program for students to reserve their textbooks. Your supervisor needs help with the following: Tracking the number of...

Q:

The average input to a manufacturing plant is 3MVA at a power factor of 0.72 lagging. A synchronous motor having an input of 1300KV is then installed and delivers a load of 600hp at an efficiency of...

Q:

3 1 According to the Keynesian formula, investment seending.consists of what? Mulliple Choice Aesidertial housing and business real estate investment Silicon Valley verture caphal investment into new...

Q:

How is obsolescence a cost of holding stock?

Q:

Try asking a friend who has not studied economics in which year he or she thinks prices were higher: 1870 or 1900? 1920 or 1940? (In both cases, prices were higher in the earlier year.) Most young...

Q:

Give some reasons why gross domestic product is not a suitable measure of the well-being of the nation. (Have you noticed newspaper accounts in which journalists seem to use GDP for this purpose?)

Q:

Use an aggregate supply-and-demand diagram to study what would happen to an economy in which the aggregate supply curve never moved while the aggregate demand curve shifted outward year after year.

Q:

Could you share MATLAB code for this python example: import numpy as np # Function to compute MSE of DOA estimates def compute _ mse ( true _ doa, estimated _ doa ) : return np . mean ( ( true _ doa...

Q:

estimate a regression with stock's excess return as the dependent (Y) variable and the S&P 500 excess return as the independent (X) independent variable. compute excess return, assume risk free rate...

Q:

What happens when you enter text in a cell that already contains an entry? Group of answer choices None of the above. The cell contains both the original entry and the new entry. Excel rejects the...