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QUESTION 14 5 points Save Answer Which of the following is not part of US GNP? a. The wages earned by a US national from work

QUESTION 14

  1. 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

  2. QUESTION 15

  3. 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

  4. 5

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Answer #1

b) The wage paid by the university of Californiu to one of his professors; who is a national of the . Uki will not a purt ug

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