Country C had made foreign investment in countries A and B. Country C had not received any investment from foreign countries. Assuming no person worked outside his/her own country, answer if C’s GDP was higher than, lower than, or equal to C’s GNP.
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Country C had made foreign investment in countries A and B. Country C had not received any
investment from foreign countries. Assuming no person worked outside his/her own country, answer if
C’s
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- if country A real gdp grows at 5% while country B real gdp grows at 3% then we can conclude that country A standards of living at a faster rate then B. true or falseIs gross domestic product a reliable indicator of a nation's economic wealth? What might be a better indicator?If consumption equals $6,200 billion, investment equals $1,200 billion, transfer payments equal $1,500 billion, government purchases equal $2,200 billion exports equal $900 billion imports equal $1,100 billion foreign factor income equals $200 billion Then GDP is equal to: Group of answer choices $11,100 billion $9,600 billion $10,900 billion $9,400 billion
- A higher level of GDP per person is positively correlated with a. the number of workers in more labour intensive industries. b. environmental quality. c. the incidence of child labour. d. the number of children per family. Long term economic growth will be reduced by a. foreign ownership of land and other assets. b. increasing openness to competition from foreign producers. c. poor enforcement of property rights and contracts. d. decreases in government spending.During recessions investment falls by a larger percentage than GDP. falls by about the same percentage as GDP. falls by a smaller percentage than GDP. falls but the percentage change is sometimes much larger and sometimes much smaller“In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”. The reason for the difference in the two figures is that:A. GDP includes foreign investment, while GNP does not.B. GNP is used for developed countries, while GDP is used for developing countries.C. GDP is a measure of the overall wealth of a nation, while GNP focuses on the distribution ofincome within a country.D. GDP measures the total economic output within a country's borders, while GNP considers theincome earned by a country's residents domestically and abroad.
- “In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”. The reason for the difference in the two figures is that:A. GDP includes foreign investment, while GNP does not.B. GNP is used for developed countries, while GDP is used for developing countries.C. GDP is a measure of the overall wealth of a nation, while GNP focuses on the distribution ofincome within a country.D. GDP measures the total economic output within a country's borders, Why should India be cautious about using Gross Domestic Product (GDP) as the primary measure ofeconomic growth?A. GDP does not account for the value of services, only goods.B. GDP provides an accurate reflection of income inequality.C. GDP does not consider changes in a country's population.D. GDP is unaffected by changes in government policies.10) True or False: Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that currently have high real GDPs per capita.What is GNP? GNP is the market value of all the final goods and services _____. A. produced within a country minus depreciation B. produced within a country C. produced anywhere in the world by the factors of production supplied by the residents of that country D. produced anywhere in the world by the factors of production supplied by the residents of that country minus exports
- In a closed economy which are having no foreign trade what will be the relationship between the GDP and GNP!!!In 1980, Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP of $160 billion (measured in U.S. dollars) and a population of 5.3 million. By what percentage did Denmark’s GDP per capita rise between 1980 and 2000?Gross Domestic Product represents... Group of answer choices The degree of globalization The value of the total production in a country The ratio of exports relative to the total production in a country The sum of imports and exports of a country
