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In a closed economy GDP equals
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
What is the difference between GDP and GNP?
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
Which of the following transactions has no direct effect on this year's GDP?
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
If investment is exogenous to the Income determination model it can be shown as
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
In studying growth theory
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
Potential GDP is
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
Verticle intercept of consumption function indicates
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
Diffrence between Real and Nominal GDP is
none of the above
GNP includes payments to domestically owned factors of production abroad
Change in price level from base year to current year
C+I
all of the above
none of the above directly affects GDP
Horizontal line
Al included
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