The main difference between GDP and GNP is that GNP excludes:
a. net income of foreigners
b. consumption of fixed capital.
c. transfer payments.
d. government purchases.
a
Economics
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________ is the study of how individuals, households, governments, and firms make choices and how those choices affect prices, the allocation of resources, and the well-being of other agents
A) Macroeconomics B) Monetary economics C) Microeconomics D) Growth theory
Economics
Gina, a U.S. citizen, works only in Bermuda. The value of Gina's production is included in
a. U.S. GDP and Bermudan GDP. b. U.S. GDP and Bermudan GNP. c. U.S. GNP and Bermudan GDP. d. U.S. GNP and Bermudan GNP.
Economics