Items counted in U.S. GDP, but excluded from U.S. GNP, are
a. the value of the automobiles produced by a General Motors plant in Spain
b. U.S. assets abroad
c. income earned by U.S. citizens working in foreign economies
d. a Nissan plant's output in Tennessee
e. a Foot Locker's sales at its new store in Edmonton, Canada
D
You might also like to view...
Which of the following would increase the quantity of LCD TVs demanded but would not increase the demand for LCD TVs?
a. an increase in the price of plasma TVs, a substitute b. an increase in incomes assuming that LCD TVs are normal goods c. an increase in the expected future price of LCD TVs d. a decrease in the current price of LCD TVs
The normal life cycle pattern of income
a. contributes to more inequality in the distribution of annual income and to more inequality in living standards. b. contributes to more inequality in the distribution of annual income, but it does not necessarily contribute to more inequality in living standards. c. contributes to less inequality in the distribution of annual income and to less inequality in living standards. d. has no effect on either the distribution of annual income or on living standards.