Greg,a USCitizen,works Only in Canada

question 22

Multiple Choice

Greg,a U.S.citizen,works only in Canada.The value that his labor contributes to U.S.output is

• A)included in both U.S.GDP and U.S.GNP.
• B)included in U.S.GDP,but it is not included in U.S.GNP.
• C)included in U.S.GNP,but it is not included in U.S.GDP.
• D)included in neither U.S.GDP nor U.S.GNP.

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Definitions:

Proactive Interference

A phenomenon where old memories interfere with the retention of new information.

Short-term Memory

A temporary store for information, capable of holding a small amount of data for a short period before it is transferred to long-term memory or forgotten.

Long-term Memory

The phase of memory responsible for the storage of information over extended periods, potentially as long as a lifetime.

Disequilibrium Principle

The state of imbalance or disequilibrium in an eco-system or in a market, which can lead to significant shifts or adjustments within that system.