Profits earned in the United States by a foreign-owned firm would be included in
a. gross domestic product and gross national product.
b. gross national product but not in gross domestic product.
c. gross domestic product but not in gross national product.
d. neither gross domestic product nor gross national product.
Question 2
When drawn against the real interest rate, the output demand curve shifts to the right when
A) current total factor productivity z increases.
B) current total factor productivity z decreases.
C) future total factor productivity z' increases.
D) future total factor productivity z' decreases.