With Regard to GDP, GNP, and GPI, Which of the Following

question 64

Short Answer

With regard to GDP, GNP, and GPI, which of the following is correct?
The profits earned by a Canadian company abroad are included in GDP, but not in GNP.
Profits earned by foreign firms in Canada are included in GNP.
GDP and GPI both increased as a result of the BP oil spill in the Gulf of Mexico.
GDP has been increasing for many years, but GPI has been decreasing since the 1970s.
GNP, GDP, and GPI all measure essentially the same thing.

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Definitions:

Death Benefit

The sum paid to a beneficiary upon the insured’s death, provided through a life insurance policy.

Savings Plan

A program that encourages regular saving by setting aside a certain amount of income for future use, often with tax advantages or interest accrual.

Actuarially Determined

Calculated based on actuarial methods and assumptions, often referring to pension plan contributions or insurance risk assessments.

Pension Funds

Investment pools that collect and invest contributions from workers and employers to provide retirement benefits to the workers.