Which of the following is not counted in the GNP of Turkey? A) The wage of a Turkish citizen who works in a foreign country for a foreign firm. B) The interest earned by a Turkish bank on loans to a business firm located in Brazil. C) The profit earned by a restaurant located in Turkey but owned by a Mexican company. D) The value of services that are produced by state and local governments in Turkey.
Which of the following is not counted in the GNP of Turkey? A) The wage of a Turkish citizen who works in a foreign country for a foreign firm. B) The interest earned by a Turkish bank on loans to a business firm located in Brazil. C) The profit earned by a restaurant located in Turkey but owned by a Mexican company. D) The value of services that are produced by state and local governments in Turkey.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is not counted in the GNP of Turkey?
A) The wage of a Turkish citizen who works in a foreign country for a foreign firm.
B) The interest earned by a Turkish bank on loans to a business firm located in Brazil.
C) The profit earned by a restaurant located in Turkey but owned by a Mexican company.
D) The value of services that are produced by state and local governments in Turkey.
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