Which of the following is an example of an activity that would change the GNP of Country X, but not the GDP? Answer A foreign company buys and sells refrigerators inside Country X Country X builds a factory and sells computers in a foreign country A foreign visitor buys a summer home at the beach in Country X A clothing company from a foreign country builds a factory and sells clothing inside Country X
Wouldn't it be: Country X builds a factory and sells computers in a foreign country
Number 2, as (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership. Key Words being RESIDENTS OF A COUNTRY all the others are related to foreign things
oh you put the answer my lagg didnt let me see
Oh well thank you very much! Can you help check two more of my answers?
Sure
Ok I posted it.
1 - b. This is assuming the restaurant is owned by citizens of country X. 2 - b. In this case, there is no change in domestic product, but national product increases, as the nationally-owned country is getting revenue. 3 - impossible to answer. To find out per-capital GDP, we need to know not only population but also (dun dun dun) GDP. We have no numerical indication of GDP, so we cannot know the per-capita GDP.
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