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John is a U.S. citizen who works for Walmart located in France Johns work contributes to

John is a U.S. citizen who works for Walmart located in France Johns work contributes to

John is a U.S. citizen who works for Walmart located in France. John's work contributes to:

A. U.S. GDP, but not U.S. GNP.

B. U.S. GNP, but not U.S. GDP.

C. both U.S. GDP and U.S. GNP.

D. neither U.S. GDP nor U.S. GNP.

45.Kelly is a U.S. citizen who works for Burton located in Germany. Kelly's work contributes to:

A. U.S. GDP, but not U.S. GNP.

B. U.S. GNP, but not U.S. GDP.

C. Germany's GDP and U.S. GNP.

D. Germany's GNP and U.S. GDP.

46.Tallulah is a German citizen who works for Volkswagen located in Fresno, California. Tallulah's work contributes to:

A. U.S. GDP, but not U.S. GNP.

B. U.S. GNP, but not U.S. GDP.

C. German GDP, but not U.S. GDP.

D. German GDP and U.S. GNP.

47.GDP could be calculated over:

A. a month.

B. a quarter.

C. a year.

D. any time period.

48.GDP is most often discussed using _______ figures, although it is typically calculated _______.

A. annual; quarterly

B. annual; monthly

C. quarterly; monthly

D. quarterly; annually

49.In order to estimate the current annual GDP, economists:

A. multiply the quarterly estimate by four.

B. adjust quarterly GDP estimates to account for seasonal patterns.

C. take an average of the last four quarters measured.

D. None of these statements is correct.

50.Quarterly GDP:

A. is typically shown as a seasonally adjusted estimate at an annual rate.

B. takes account of predictable seasonal patterns to guess at annual GDP.

C. is adjusted for predictable, seasonal variation to predict what GDP would be if the economy continues at its current pace.

D. All of these statements are true.

abhinav behal 15-Feb-2020

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