The Values of Real GDP and Real GNI Are Almost

question 29

True/False

The values of real GDP and real GNI are almost the same in countries where a significant fraction of domestic production takes place in foreign-owned firms.

---

Definitions:

Cigars

Typically a tightly rolled bundle of dried and fermented tobacco that is smoked, considered a luxury good in many cultures.

Consumer's Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Net Increase

The difference resulting from the amount by which something grows or goes up less any decreases.

Units of X

A measure or quantity of a specific good or product, referred to as 'X' in an economic or mathematical context.