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mitosuki

  • 4 years ago

Which of the following is an example of an activity that would change the GNP of Country X, but not the GDP? Answer A foreign company buys and sells refrigerators inside Country X Country X builds a factory and sells computers in a foreign country A foreign visitor buys a summer home at the beach in Country X A clothing company from a foreign country builds a factory and sells clothing inside Country X

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  1. mitosuki
    • 4 years ago
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    Wouldn't it be: Country X builds a factory and sells computers in a foreign country

  2. SchoolSlacker
    • 4 years ago
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    Number 2, as (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership. Key Words being RESIDENTS OF A COUNTRY all the others are related to foreign things

  3. SchoolSlacker
    • 4 years ago
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    oh you put the answer my lagg didnt let me see

  4. mitosuki
    • 4 years ago
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    Oh well thank you very much! Can you help check two more of my answers?

  5. SchoolSlacker
    • 4 years ago
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    Sure

  6. mitosuki
    • 4 years ago
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    Ok I posted it.

  7. Rohangrr
    • 4 years ago
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    1 - b. This is assuming the restaurant is owned by citizens of country X. 2 - b. In this case, there is no change in domestic product, but national product increases, as the nationally-owned country is getting revenue. 3 - impossible to answer. To find out per-capital GDP, we need to know not only population but also (dun dun dun) GDP. We have no numerical indication of GDP, so we cannot know the per-capita GDP.

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