Profits earned in Argentina by Citi Bank , an American Bank are None of these answers is correct Included in GDP only Not included in either GDP nor in GNP Sometimes included in GDP and sometimes include in GNP Included in GNP only Included in both GNP and GDP
Added by Kristy R.
Step 1
Step 1: Profits earned by Citi Bank in Argentina are considered a part of the Gross National Product (GNP) because GNP includes the total value of goods and services produced by a country's residents, regardless of where the production takes place. Show more…
Show all steps
Your feedback will help us improve your experience
Crystal Wang and 76 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
“In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”. Question 6 (4 Marks) The reason for the difference in the two figures is that: A. GDP includes foreign investment, while GNP does not. B. GNP is used for developed countries, while GDP is used for developing countries. C. GDP is a measure of the overall wealth of a nation, while GNP focuses on the distribution of income within a country. D. GDP measures the total economic output within a country's borders, while GNP considers the income earned by a country's residents domestically and abroad.
Crystal W.
Which of the following does GDP not directly include? The value of goods produced domestically and sold abroad The value of intermediate goods sold during a period The value of services rendered during a period The value of final goods and services produced, but not sold, during a period
Andrew D.
If no foreign companies produce in a country, but many of the country's companies produce abroad, then it is probably true that a. the country's GNP exceeds its GDP. b. the country's GDP exceeds its GNP. c. the country's GNP and GDP are equal. d. the country's GDP equals its domestic income.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD