Author Question: If a good is produced but not consumed, then: a. It is not included in GDP or GNP. b. It is not ... (Read 50 times)

go.lag · **on:** Jun 30, 2018

If a good is produced but not consumed, then:
a. It is not included in GDP or GNP.
b. It is not included in GDP, but it is included in GNP.
c. It is not included in GNP, but it is included in GDP.
d. It enters into gross private domestic investment, which is a part of GDP and GNP.
e. It enters into passive consumption, which is a part of GDP in the following period.

Question 2

Of the following balance of payments measures, which one is least able to measure whether a nation is paying its own way?
a. Current account.
b. Balance on goods & services.
c. Balance on goods, services, and net income
d. Reserves account