Which of the following is counted in the GNP of the United States? A) the value of services that are produced by state and local governments in the United States B) the profit earned by a restaurant located in the United States but owned by a Guatemalan company C) the wage of a foreign citizen who works in the United States for a U.S. firm D) the interest earned by a Brazilian bank on loans to a business firm located in the United States
Which of the following is counted in the GNP of the United States? A) the value of services that are produced by state and local governments in the United States B) the profit earned by a restaurant located in the United States but owned by a Guatemalan company C) the wage of a foreign citizen who works in the United States for a U.S. firm D) the interest earned by a Brazilian bank on loans to a business firm located in the United States
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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