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If the value of the output generated by a country's factors of production within the borders of ...

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If the value of the output generated by a country's factors of production within the borders of ...

If the value of the output generated by a country's factors of production within the borders of foreign countries is higher than the value of the output generated by foreign factors of production within its borders, ________.

▸ the GDP of the country equals its GNP

▸ the GDP of the country is higher than its GNP

▸ the GDP of the country equals its trade balance

▸ the GDP of the country is lower than its GNP

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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