Question 19 (1 point) If a Canadian construction company built a road in Kuwait,

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Question 19 (1 point) If a Canadian construction company built a road in Kuwait, this activity would be excluded from Canadian GNP fully included in Canadian GDP. included in Canadian GNP only for that portion that was attributable to Canadian capital and labour included in Canadian GDP but not Canadian GNP Save a Question 20 (1 point) Floods have just ravaged the countryside and cities! You would expect this supply shock to shift the nse sponse marginal product of labour curve up and to the right, raising the quantity of labour demanded at any given real wage inal product of labour curve down and to the left, reducing the quantity of 20 Saved labour demanded at any given real wage

Explanation / Answer

INCLUDED IN CANDIAN GNP ONLY FOR THAT PORTION THAT WAS ATTRIBUTE TO CANDIAN CAPITAL AND LABOR(gnp is market value of goods and service produced in year by labor and property supplied by citizens of a country and it indicates allocated production based on location of ownership and residence.)

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