With regard to GDP and GNP, which of the following is correct?
A) The profits earned by a Canadian company abroad are included in GDP, but not in GNP.
B) Profits earned by foreign firms in Canada are included in GNP.
C) GDP increased as a result of the BP oil spill in the Gulf of Mexico in 2010.
D) GDP has been increasing for many years.
E) GNP and GDP measure essentially the same thing.
Correct Answer:
Verified
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