Which of the following can be a valid reason for Canada's GDP exceeding its GNP in 2001?
a. Net factor income from abroad in Canada was negative.
b. Canada's GNP measurements were flawed.
c. Canada's indirect business taxes were exceptionally high.
d. The World Bank underestimated Canada's net exports.
e. Canada's residents received more foreign aid than they could spend.
a
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A defined-benefit pension
A) determines benefits by contributions and their earnings. B) fixes benefits in advance. C) links benefits to investment performance. D) fixes benefits paid out for a limited number of years.
GDP is used as the basic measure of a society's economic well-being. A better measure of the economic well-being of individuals in society is
a. saving per person. b. GDP per person. c. government expenditures per person. d. investment per business firm.