Author Question: Which of the following relationships is correct? a. GDP = GNP + Net foreign income b. GNP = GDP + ... (Read 80 times)

09madisonrousseau09 · **on:** Jun 30, 2018

Which of the following relationships is correct?
a. GDP = GNP + Net foreign income
b. GNP = GDP + Net foreign income
c. GDP = Consumption + Net foreign income
d. GDP = GNP + Balance of payments
e. GDP = GNP adjusted for the foreign exchange rate

Question 2

Which of the following is not included in Nation A's reserves account in the balance of payments?
a. Changes in official gold holdings.
b. The stock official (i.e., central bank) holdings of foreign currencies.
c. Increases in borrowing rights at the International Monetary Fund.
d. All of the above are included in reserves.