Question: 34.What is the difference between GDP and GNP? Select one: a.GDP includes depreciation, whereas GNP does not. b.GDP includes imports, whereas GNP does not. c.GDP

34.What is the difference between GDP and GNP?

Select one:

a.GDP includes depreciation, whereas GNP does not.

b.GDP includes imports, whereas GNP does not.

c.GDP measures production in Canada, whereas GNP measures production by Canadians.

d.GDP includes net exports, whereas GNP does not.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Economics Questions!

Q:

5. "Italy includes cocaine, prostitution and black market alcohol in GDP figures" ( The Independent, October 30, 2014). How would you expect the inclusion of these previously excluded underground...

Q:

Exercise 1: The 2010 National Hospital Ambulatory Medical Care Survey (NHAMCS) is a national (United States) sample survey of visits to hospital outpatient and emergency departments.This survey was...

Q:

Some of what I have so far is different. Can you see the last couple of questions? Individual Learning Project Questions Name: Erica Sosa Individual Learning Project Instructions This project will...

Q:

Please help me answer these. The yield of a random sample of 20 farmers showed an average of 75 cavan and a standard deviation of 3 cavan. Construct a 95% confidence interval for the average yield of...

Q:

View the 2015 Annual Report for the Ford Motor Company (download the PDF of the Annual Form 10-K report from the website), a Fortune 50 company. Using this report, answer the following questions:...

Q:

Please help me with these. Thank you. 26.Assumption made about the population for the sole purpose of nullification* Ha Ho Hi 27.Which of these statements reflect a null hypothesis?* As temperature...

Q:

*******Based on the information below are you optimistic or pessimistic regarding the future of Hewlett Packard and would you invest in stocks and/or bonds?Explain. General Information: 1.What is the...

Q:

Choose one of the company and answer the following questions Lands End Inc (LE) Lowe's Companies Inc (LOW) Target Corporation (TGT) Yum! Brands Inc (YUM) General Information: 1.What is the name of...

Q:

Individual Learning Project Instructions This project will allow you the opportunity to explore a company's annual report and become familiar with the items it contains. Choose a company from the...

Q:

Knowledge QuestionsQuestion 1 . 1 Describe the difference between data and knowledge.Question 1 . 2 ( a ) What do information systems capture and why are they important?Question 1 . 2 ( b ) Use the...

Q:

A company issues $80,000 of 10-year bonds for $86,000. Immediately after the thirteenth semiannual interest payment, the company redeems the bonds for $83,700. The company uses the straightline...

Q:

Although Microsoft Windows is the primary operating system for desktop and laptop PC computers, Microsofts Windows Phone operating system is installed in only 1.6% of smart phones (www....

Q:

An action of passing off means to restrain the competitor / imitator from passing off its goods or services to the public as that of a pre - existing manufacturer or service provider. Which of the...

Q:

take a look at two different communications that need improving. Read through both communications carefully, looking for areas that may need improvement. Using concepts you have learned from both the...

Q:

3. Calculate total-revenue data from the demand schedule in review question 1. Graph total revenue below your demand curve. Generalize about the relationship between price elasticity and total...

Q:

5. In 2015, Paul Gauguins painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once...

Q:

LO6.5 Apply cross elasticity of demand and income elasticity of demand.