If decreasing returns to scale exist, then an increase in all inputs of 15% should: A. not affect output. B. should increase output by less than 15%. C. should increase output by exactly 15%. D. should increase output by more than 15%. Which of the following is not included in GNP for the U.S. but is included in GDP for the U.S.? A. The income of the U.S. citizen working in Portugal. B. The value of a Portuguese company's production in the United States. C. The value of a U.S. company's production in Portugal. D. The sales of a U.S. company's output to U.S. citizens. Which of the following is not included in GNP for the U.S. but is included in GDP for the U.S.? A. The income of the U.S. citizen working in Portugal. B. The value of a Portuguese company's production in the United States. C. The value of a U.S. company's production in Portugal. D. The sales of a U.S. company's output to U.S. citizens.
Economics - 2 Answers
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1 :
b-b-
2 :
The answers are 1. B 2.A 3.
