Author Question: Which of the following is included in both the U.S. GDP and U.S. GNP? A) the value of all cars ... (Read 56 times)

ss2343 · **on:** Jun 29, 2018

Which of the following is included in both the U.S. GDP and U.S. GNP?

A) the value of all cars produced by Nissan in Japan and the United States
B) the value of all cars produced by Ford in Mexico
C) the value of all cars produced by Toyota in the United States
D) the value of all cars produced by General Motors in the United States

Question 2

During a recession, spending on ________ tends to fall more dramatically than spending on ________.

A) nondurable goods; durable goods B) durable goods; nondurable goods
C) food; cars D) necessities; luxuries