Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Gross Domestic
Product (GOP) of UAE is AED 40,000. GDP
(Gross Domestic Product) is the wealth in the
country, regardless who owns the wealth.
GNP is the wealth produced by citizens
roduced. Mohamed, a UAE citizen, works in
Paris of the country, regardless where the
wealth is p and earns 30,000 Jacques, a
French citizen, works in Dubai and earns
40,000. a French citizen, works in Dubai and
earns 40,000 Fatima a UAE Fatima a UAE
citizen, owns a condominium in Berlin which
she rents to a German family for 20,000.
Angela, a German citizen, owns a
warehouse in Sharjah which she rents to a
U.S. firm for 70,000. Find the GNP of UAE?
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