If an American firm opens a production facility in India, the total value of the production will be included in the
A) gross domestic product of the United States.
B) national income of the United States.
C) gross domestic product of India.
D) consumption of fixed capital for India.
Answer: C
Economics
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Which of the following has occurred for the United States since 1960?
A) The ratio of exports to GDP (X/Y) and the ratio of imports to GDP (IM/Y) have both increased. B) X/Y has increased while IM/Y has decreased. C) X/Y has decreased and IM/Y has increased. D) X/Y has decreased and IM/Y has decreased.
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Transaction costs are the costs incurred by individuals dealing with one another. ?
Answer the following statement true (T) or false (F)
Economics