Go to the St. Louis Federal Reserve FRED database, and find the most recent values for Gross
Question:
Go to the St. Louis Federal Reserve FRED database, and find the most recent values for Gross Domestic Product (GDP) and Gross National Product (GNP).
a) Calculate net factor income using the most recent values.
b) Based on the most recent values, explain whether foreign production by U.S. firms is larger than U.S. production by foreign firms, or vice versa.
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