Kelly is a U.S. citizen who works for Burton located in Germany. Kelly's work contributes to:
A. U.S. GDP, but not U.S. GNP.
B. U.S. GNP, but not U.S. GDP.
C. Germany's GNP and U.S. GDP.
D. U.S. GNP and U.S. GDP.
B. U.S. GNP, but not U.S. GDP.
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A normal good is a good for which demand
A) decreases when income increases. B) increases when income increases. C) decreases when population increases. D) increases when population increases.
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
a. Per capita GDP increased less rapidly in China and India than in the high income industrial countries. b. Per capita GDP increased more rapidly in China and India than in the high income industrial countries. c. China grew more rapidly than the high income industrial countries, but India grew less rapidly. d. India grew more rapidly than the high income industrial countries, but China grew less.