The total consumption expenditure in Polonia during a certain year was 135,000, total expenditure on investment was 44,000 and total expenditure incurred by the government was 50,000.
Polonia exported goods worth 10,000 during that year and imported goods and services worth 12,000. Calculate the gross national product of Polonia if foreign factors of production added a value of 14,000 in the production of goods and services in Polonia while Polonian workers living abroad added a value of 8,000 to the production process in those countries.
Question 2
A stronger U.S. dollar in world exchange markets means that
A) foreigners sell the dollars that they have.
B) a dollar buys more units of foreign currency than it could before.
C) a dollar buys less units of foreign currency than it could before.
D) a dollar buys the same amount of foreign currency than it could before, with gold backing up the value of the dollar.
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