A U.S. citizen takes a temporary job in France

A U.S. citizen takes a temporary job in France. How are the wages counted in U.S. GNP and GDP?

Give an intuitive explanation as to why higher saving rates are not associated with higher levels of GDP in an economy with perfect capital mobility, but they are in a closed economy. Does this mean that if you save a lot, you are better off in a closed economy? Why or why not?


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