A Country's GNP

question 38

Multiple Choice

A country's GNP:

• A) must be larger than its GDP.
• B) is the total factor income earned by residents of a country.
• C) includes factor income earned by foreigners.
• D) excludes factor income earned abroad by Canadians.

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Definitions:

Independent Variable

A variable in an experiment or study that is manipulated or changed to observe its effect on dependent variables.

Dependent Variables

In research, these are the variables that are studied to see if they change as a result of alterations in other variables (independent variables).

Detect

To discover or identify the presence of something concealed or subtle.

Salary Negotiations

The process of discussing and agreeing on the compensation package for a job position between an employer and employee.