International Economics Study Set 7

A country's gross national product (GNP) is

For most macroeconomists,

For most macroeconomists,

The highest component of GNP is,

An example of how GNP accounts for services provided by foreign-owned capital (and GDP does not) is

The sale of

Which one of the following statements is the most accurate?

Which one of the following statements is the most accurate?

National income equals GNP

The United States began to report its gross domestic product (GDP) only since

GDP is supposed to measure

GNP equals GDP

Movements in GDP

In 2006, the United States had

Net unilateral transfers

GDP is different than GNP in that

What are the main aspects of economic life that macroeconomics analysis is most concerned with?

What can you learn from the figure below (Figure 13-1 from the text) which depicts the U.S. GNP and its components for the year 2009?

Movements in GDP

Purchases of inventories by