Earnings of individuals and companies inside a country is part of the GDP. O a. even if they are produced by non-citizens. O b. including earnings from selling second-hand goods. O. even if they come from illegal sources Od. only if they are produced in the previous year
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- Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of both the citizens and non-citizens but are residing inside the country. O b. Incomes made by a citizen outside of his country will be included in the calculation GDP Oc. Expenditures of citizens and non-citizens made inside the country is included in GDP calculation O d. Incomes made by expatriates are included in the calculation of GDPWhich of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of both the citizens and non-citizens but are residing inside the country. Ob. Incomes made by a citizen outside of his country will be included in the calculation of GDP O c. Expenditures of citizens and non-citizens made inside the country is included in GDP calculation O d. Incomes made by expatriates are included in the calculation of GDPWhich of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of both the citizens and non-citizens but are residing inside the country. O b. Incomes made by a citizen outside of his country will be included in the calculation of GDP c Expenditures of citizens and non-citizens made inside the country is included in GDP calculation d. Incomes made by expatriates are included in the calculation of GDP
- When people living in America spend $10,000 to buy imported goods at the shopping mall, how does this affect U.S. GDP? O GDP decreases because we are buying foreign goods and not American goods. O GDP is not affected because the goods are not produced in America. O GDP increases by $10,000 because the consumers live in America. O GDP increases by an amount equal to the value added by the stores in the shopping mall. W ASUS 8 RIf the value of the goods and services a country produces decreases while its population stays the same, which statement must be true? O A. The country's rate of inflation has increased. O B. The country's per capita GDP has decreased. C. The country's unemployment rate has decreased. OD. The country's total GDP has increased. O O OO O O O GDP includes the goods and services produced A. within a country's borders by citizens and by non - citizens minus the production abroad by the country's citizens. B. by a country's legal citizens regardless of where in the world they are located. O C. within a country's borders by citizens and non - citizens plus goods produced abroad by the country's citizens. D. within a country's borders by citizens and by non - citizens. O E. by a country's citizens but not by non - citizen's within the country's borders.
- The total production made by the major industries of a country comprises the country's a. Gross output O b. Net domestic product O c. Net income O d. Gross domestic product|The per capita output of an economy is likely to increase if: a. the government manages the foreign investment in the economy. O b. the population of the country grows faster than its labor force. O c. the government controls the number of illegal immigrant workers in the economy. O d. the government increases the tax rates. e. the number of workers in the economy grows faster than its population.QUESTION 7 If foreign immigration (only) increases the number of workers in the US by 10%, GDP per worker should O A. Increase by 10% O B. Increase by less than 10% OC. Decrease by more than 10% O D.Decrease by less than 10%
- The Human Development Index measures O A. living standards across various countries. O B. the amount of ethnic welfare and disease in third-world countries. O C. how fairly income is distributed across countries. O D. the relative lifespan and education in third-world countries. The correlation between this index and real income per capita in a country is O A. the correlation between this index and real income per capita is weakly negative. B. countries with higher real income per capita tend to have higher levels of this index. C. no discernable association exists between this index and income per capita. D. a positive association is apparent but only for high-income economies.QUESTION 23 Anation's gross domestic product (GDP) O a is the dollar value of all final output produced within the borders of the nation during a specific period of time O b is the dollar value of all final output produced by its citizens, regardless of where they are living O c can be found by summing C+ In + S+ Xn. O d. is always some amount less than C+ lg + G+ Xn.Which of the following statements is true about GDP as a measure of a country's economic healt? Select one: O a. It does not include the services produced in a country O b. It includes profits from companies' overseas operations O c. It does not include profits earned by foreign companies within the country being measured O d. It essentially takes into account the concept of GDP in relation to population O e. It measures only those goods and services made within a country