The GNP of a Country for a Certain Year Was

question 139

Multiple Choice

The GNP of a country for a certain year was $340,000.If the contribution of its factors of production to the production of various goods and services in other countries was worth $140,000 and the contribution of foreign factors of production in the production of goods and services in this country was worth $50,000,the GDP of the country for that year was ________.

• A) $430,000
• B) $160,000
• C) $250,000
• D) $480,000

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Definitions:

Compounded Semi-Annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year.

9 Years

A period of time equivalent to nine cycles of 365 (or 366 in leap years) days, commonly used in reference to durations or time frames in various contexts.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of those involved.

Compounded Annually

Interest that is calculated once a year and added to the principal, which then earns interest the following year.