Economic Growth and the Role of Taxation

T 13. Production by a foreign citizen in the U.S. is part of U.S. GDP. T 14. Production by a U.S. citizen in a foreign country is part of U.S. GNP. T 15. Two different types of fiscal policy may result in identical levels of GDP but a different composition of GDP. F 16. Expansionary monetary policy results in increased interest rates. T 17. ................
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