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Author Question: The main difference between GNP and GDP is: a. GDP measures a nation's income, and GNP measures a ... (Read 144 times)

lindiwe

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The main difference between GNP and GDP is:
 a. GDP measures a nation's income, and GNP measures a nation's output.
  b. Largely in the minds of the public, because economically, there is no difference.
  c. GDP measures the income earned from the production of all final goods and services within a nation's borders; GNP measures the income earned by domestically-owned resources from producing final goods and services anywhere in the world.
  d. GDP measures a nation's output, and GNP measures a nation's income.

Question 2

Assuming GDP remains constant, if Country A has a deficit in its balance on goods and services, then which of the following will make it more negative?
 a. Increased investment.
  b. Increased saving.
  c. Increased taxes.
  d. Reduced government spending.
  e. None of the above.


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soda0602

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lindiwe

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Reply 2 on: Jun 30, 2018
Excellent


ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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