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.

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Definitions:

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.

Indians

Indians refers to the indigenous peoples of the Indian subcontinent, or in a historical American context, Native Americans, the original inhabitants of the Americas prior to European colonization.

Pennsylvania

A state located in the northeastern region of the United States, known for its rich history, including being one of the original 13 colonies.

Bacon's Rebellion

A 1676 rebellion in the Virginia Colony, led by Nathaniel Bacon, which was an early rebellion against the colonial government by settlers.