US GDP and U

question 139

Multiple Choice

U.S. GDP and U.S. GNP are related as follows:

• A)GNP = GDP + Value of exported goods − Value of imported goods.
• B)GNP = GDP − Value of exported goods + Value of imported goods.
• C)GNP = GDP + Income earned by foreigners in the U.S.− Income earned by U.S.citizens abroad.
• D)GNP = GDP − Income earned by foreigners in the U.S.+ Income earned by U.S.citizens abroad.

---

Definitions:

Collective Agreement

A written contract of employment, typically negotiated by a union representing employees and the employer, outlining terms and conditions of employment.

Human Rights Legislation

Refers to laws and regulations designed to protect individuals' fundamental rights and freedoms from infringement or abuse.

Federal Acts

Legislation passed by the national government that applies across the entire country.

Provincial Acts

Legislation enacted by the provincial governments in Canada, addressing matters within their constitutional authority.