Suppose
that CA-Gyros Technology hired an engineer from Hong Kong in the year
2007, and paid her...

Question

Suppose
that CA-Gyros Technology hired an engineer from Hong Kong in the year
2007, and paid her $100,000 salary in 2007. Give a detailed
explanation about how the engineer’s income generation as described
above affects GDP and GNP of U.S.

2010
(base year)
 2011

Price
 Quantity
 Price
 Quantity

Car 
 $100 400 $120 420

Rice 
 $25 2,000 $36 2,005

2012

Price
 Quantity

Car 
 $130 450

Rice 
 $38 2,100

Robert · Accepted Answer

Suppose that CA-Gyros Technology hired an engineer from Hong Kong in the year 2007, and paid her 
$100,000 salary in 2007. Give a detailed explanation about how the engineer’s income generation as 
described above affects GDP and GNP of U.S. 200 Words
GDP and GNP are considered as the two broad measures of country’s total output in a given year 
but the two concepts have significant differences.

Suppose that CA-Gyros Technology hired an engineer from Hong Kong in the year 2007, and paid her $100,000 salary in 2007. Give a detailed explanation about how the engineer’s income generation as...

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