Which of the Following Is Treated Differently in Computations of GNP

question 48

Multiple Choice

Which of the following is treated differently in computations of GNP as compared with GDP?

• A)Sales in the underground economy.
• B)Goods produced by U.S.firms located in foreign countries.
• C)Intermediate goods.
• D)The value of services performed by housewives.

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Definitions:

Plate Tectonics

The scientific theory explaining the movement of Earth's lithosphere, which is divided into tectonic plates that move over the asthenosphere due to geologic processes.

Occurrence of Volcanoes

The event of volcanic activity or eruption in a specific location.

Rock Cycle

The continuous process by which rocks are formed, broken down, and transformed into new rock types, driven by forces within the Earth and on its surface.

Rock Metamorphism

The process by which the mineral composition and structure of a rock is changed by heat and pressure over time.