If the Chinese constructed their national income accounts the way we do in the United States, then it would not include
a. compensation of employees of the Chinese government
b. rent earned by Chinese private landowners
c. corporate profit earned by the China Energy Corporation
d. the purchase of housing in the Chinese capital, Beijing
e. royalties earned by a Chinese poet on her new publication The East Is Red
D
You might also like to view...
Which of the following statements is likely to be made by someone who believes in the new growth theory?
A) Population growth will limit long-run gains in real GDP per person. B) Competition will encourage discoveries of new ideas leading to greater economic growth. C) Choices made by human capital are likely to be inefficient. D) Economic growth will eventually slow. E) Although technological changes increase real GDP, these changes are random and unexplainable.
As Shana's consumption of tacos decreases, her
A) marginal utility from tacos increases. B) marginal utility from tacos decreases. C) total utility from tacos increases. D) both total and marginal utility from tacos decrease.