The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP because
a. some of the income from the factory accrues to people who do not live in Algeria.
b. gross domestic product is income earned within a country by both residents and nonresidents, whereas gross national product is the income earned by residents of a country while producing both at home and abroad.
c. all of the income from the factory is included in Algeria's GDP.
d. All of the above are correct.
d
Economics
You might also like to view...
In a graph of unemployment rates (on the horizontal axis) versus inflation rates (on the vertical axis), the short-run Phillips Curve is
A) downward sloping. B) vertical. C) upward sloping. D) horizontal.
Economics
The many types of pollution do not include ________ pollution.
A. price B. sound C. air D. water
Economics