Citizens of foreign countries

Assignment Help Accounting Basics
Reference no: EM131023477

Suppose a country has many of its citizens temporarily working in other countries, and many of its firms have facilities in other countries. Furthermore, relatively few citizens of foreign countries are working in this country, and relatively few foreign firms have facilities in this country. In these circumstances, which would you expect to be larger for this country, GDP or GNP? Briefly explain.

Reference no: EM131023477

Questions Cloud

What is the purpose of quenching and tempering steel : What is the purpose of quenching and tempering steel? What factors probably contributed to the scatter in the hardness data?
Mental distance : "Mental distance" from a rough draft can be achieved by ________.  waiting 24 hours before revising
Percent of the price of the products : Briefly discuss the accuracy of the following statement: "Corporate profits are much too high: Most corporations make profits equal to 50 percent of the price of the products they sell."
Level of gdp remains the same : Suppose the amount the federal government collects in personal income taxes increases, while the level of GDP remains the same. What will happen to the values of national income, personal income, and disposable personal income?
Citizens of foreign countries : Suppose a country has many of its citizens temporarily working in other countries, and many of its firms have facilities in other countries. Furthermore, relatively few citizens of foreign countries are working in this country, and relatively few ..
What is gross domestic income : What is gross domestic income? Which component of gross domestic income is the largest?
What is the ratio of gazelles to cheetahs : What must be true about the eigenvalues of the transition matrix if both populations die out in the long- run?
Disposable personal income : What are the differences between national income, personal income, and disposable personal income?
Changes in nominal gdp or in real gdp : According to an article in the Economist, the Russian economy "may not have been booming by 7% a year, as in the mid-2000s, but GDP grew by 3.6% in 2012." Are these two percentages referring to changes in nominal GDP or in real GDP? Briefly explai..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the net income or loss if a companys total assets

what is the net income or loss if a companys total assets at begining of year are 400000 and 675000 at end of year and

  Rocket company produces small gasoline-powered engines for

rocket company produces small gasoline-powered engines for model airplanes. mr. clemens rockets cfo has presented you

  A firm is considering several policy changes to increase

a firm is considering several policy changes to increase sales. it will increase the variety of gods it keeps in

  How will you respond to alices proposal would your response

holly owns stock with an adjusted basis of 2500.00 and fair market value of 9500.00. holly expects the stock to

  Arlette''s pet shop purchases a building

Arlette's Pet Shop purchases a building.

  How much of the accured bonuses can north inc deduct in

north inc. is a calendar-year accrual-basis taxpayer. at the end of year 1 north accrued and deducted the following

  Prepare a sales journal entry based on the information

prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary

  Determining the cash receipts in a bookstore

You were recently hired by a large retail bookstore chain. Your training involved spending a week at the largest and most profitable store in the district. The store manager assigned the head cash- ier to train you on the cash register and closing..

  A corporation with both preferred stock and common stock

a corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained

  Stillman corporation uses a job-order cost system and has

stillman corporation uses a job-order cost system and has two production departments machining and assembly. budgeted

  During the last year of operations accounts receivable

during the last year of operations accounts receivable increased by 10900 accounts payable increased by 5900 and

  How businesses track their income and assets over time

Accounting is the study of how businesses track their income and assets over time

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd