Assume that foreign workers would send their income back to their motherlands, and that their income is based on the value of their production (labor). U.S. Gross National Product_ O a. includes production of foreigners working in the U.S. and production of U.S. citizens working in foreign countries. O b. includes production of foreigners working in the U.S. but excludes production of U.S. citizens working in foreign countries. c. excludes production of foreigners working in the U.S. but includes production by U.S. citizens working in foreign countries. Od excludes production of foreigners working in the U.S. and production by US citizens working in foreign countries

Assume that foreign workers would send their income back to their motherlands, and that their income is based on the value of their production (labor). U.S. Gross National Product_ O a. includes production of foreigners working in the U.S. and production of U.S. citizens working in foreign countries. O b. includes production of foreigners working in the U.S. but excludes production of U.S. citizens working in foreign countries. c. excludes production of foreigners working in the U.S. but includes production by U.S. citizens working in foreign countries. Od excludes production of foreigners working in the U.S. and production by US citizens working in foreign countries

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Table 4.7.1 Inventory Investment $20 Net Exports -$100 Small Business Capital Consumption Household $65 Consumption Non-Profit Capital Spending $800 Government Capital Spending $30 $12 Government Net Operating Capital Consumption Government $35 $115 Surplus Non-Profit Consumption Business Capital Spending $200 Consumption Wages and Salaries $15 $400 $700 Corporate Capital Consumption Employers' Social Contributions Net Mixed Income $100 $150 Taxes Less Subsidies $130 $100 60) Refer to Table 4.7.1. What is GDP? Select one: a. 1054 b. 1236 c. 1386 d. 1452 e. 1501
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