If GDP Is $300 Billion, Depreciation Is $30 Billion, and Net

question 46

Multiple Choice

If GDP is $300 billion, depreciation is $30 billion, and net factor income from the rest of the world is -$40 billion, then net national product is

• A) $230 billion.
• B) $270 billion.
• C) $290 billion.
• D) $310 billion.

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Definitions:

Plastic Objects

Items made from polymer-based materials, versatile in use and present in various aspects of daily life, from packaging to household goods.

American Culture

A complex system characterized by a diverse mix of beliefs, customs, arts, and traditions shaped by the history and wide-ranging ethnic backgrounds of the United States.

Ethnocentrism

The principle of using one’s own culture as a means or standard by which to evaluate another group or individual, leading to the view that cultures other than one’s own are abnormal or inferior.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a tendency to judge other cultures by one's own cultural standards.