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:

Nearest

The closest in distance, time, or relationship among options or elements being considered.

MINUTE

A unit of time equal to sixty seconds or one-sixtieth of an hour, also a function in many applications to extract the minute portion from a time value.

Automatic Calculation

A feature in software that allows for the automatic computation of results based on input values, eliminating manual calculation errors.

ROUNDDOWN

A function in spreadsheet programs that rounds a number down, toward zero, to a specified number of digits.