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rbayla rbayla
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A year ago
The value of production generated by a country's factors of production in foreign countries during a particular year was $51,000, and the value of production generated by foreign factors of production in the country during that year was worth $80,000. Which of the following is likely to be TRUE in this case?

▸ The GDP of the country equals its GNP.

▸ The GDP of the country is higher than its GNP.

▸ The GDP of the country is lower than its GNP.

▸ The GDP of the country equals its trade balance.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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moraamoraa
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A year ago
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rbayla Author
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Thanks for your help!!
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