QUESTION 14
Which of the following is not part of US GNP?
a. |
The wages earned by a US national from working at Coffee Bean |
|
b. |
The wages paid by the University of California to one of his professors, who is a national of the United Kingdom |
|
c. |
The net profits made by a US national from his start-up company located in Riverside |
|
d. |
The net rent earned by a US national from renting one of his properties in Canada |
|
e. |
None of the above/below |
QUESTION 15
Katherine consumes only cookies and chocolates. In year 1, cookies cost $3 each, chocolates cost $4 each, and Katherine buys 10 cookies and no chocolates. In year 2, cookies cost $4 each, chocolates cost $3 each, and Katherine buys 10 chocolates and no cookies. Taking Katherine’s consumption as the typical consumption basket, the CPI index in year 2 (using year 1 as the base year) is:
100 |
||
66.67 |
||
133.33 |
||
75 |
||
None of the above/below |
5
QUESTION 14 Which of the following is not part of US GNP? a. The wages earned...
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