The value of what a U.S.-owned McDonald's produces in South Korea is included in the U.S. ________ and the South Korean ________
A) GNP; GDP B) GDP; GDP C) GNP; GNP D) GDP; GNP
A
Economics
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If output per worker in a steady state is $30,000, depreciation is 13%, the population growth rate is two percent, and the saving rate is 20%, what is the steady state capital-labor ratio?
A) $10,500 B) $85,714 C) $22,500 D) $40,000
Economics
When analyzing a capital budgeting project, the analyst must include in his calculation all of the following except
A) all revenues and costs in terms of cash flows. B) only those cash flows that will change if the proposal is accepted (i.e., incremental cash flows). C) interest payments on debt financing connected with the project. D) any effect (impact) the acceptance of the project under consideration will have on other projects now in operation.
Economics