A Chinese Worker Started Working in the United States and Earned

question 20

Multiple Choice

A Chinese worker started working in the United States and earned an income of $10,000 during a certain year.This is likely to have led to a(n) ________ in the same year.

• A) increase in the U.S. GDP
• B) increase in the U.S. GNP
• C) increase in China's GDP
• D) decrease in China's GDP

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Definitions:

ITQs

Individual Transferable Quotas, a system used in resource management whereby individuals or companies are allocated the right to catch or harvest a certain amount of a resource.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, highly valued for its taste, nutritional content, and as a resource in many fishing industries.

Market Price

The current price at which a good or service can be bought or sold in a market.

Production Costs

Expenses incurred in the process of creating a product or service, including labor, materials, and overheads.