Producer surplus is the amount by which total costs from production exceeds variable costs

The table above gives data for the nation of Syldavia. The current account has a

A) balance of $320 billion. B) $40 billion surplus. C) $40 billion deficit. D) $50 billion deficit. E) $30 billion deficit.

Which of the following is included in both the U.S. GDP and U.S. GNP?

A) the value of all cars produced by Nissan in Japan and the United States B) the value of all cars produced by Ford in Mexico C) the value of all cars produced by Toyota in the United States D) the value of all cars produced by General Motors in the United States