Explain how GNP differs from GDP
GNP includes income from a nation's permanent residents that are abroad, but excludes income of foreign nationals that are located within the nation.
Economics
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Refer to the table below. At equilibrium, the monopolist will realize a:
Answer the question below on the basis of the following demand and cost data for a pure monopolist.
A. Profit of $10.00
B. Profit of $6.50
C. Profit of $4.50
D. Loss of $7.25
Economics
Which is the most accurate statement?
A. The poverty of older Americans is much greater than the problem of child poverty. B. Public assistance has been considered a great success. C. Medicare and Medicaid date back to the New Deal of the 1930s. D. Less than half of those eligible receive food stamps.
Economics