Multiple Choice
Econoland and Macroland are neighboring countries. Which of the following would be included in the GNP of Econoland but not in Econoland's GDP?
A) the value of the output of a factory in Econoland that is owned by a company whose headquarters are located in Macroland
B) the value of the output of a factory in Macroland that is owned by a company whose headquarters are located in Econoland
C) the value of output sold in Macroland that was produced by a farmer who owns land in Econland
D) the value of output produced in Econoland that remained unsold the year it was produced
Correct Answer:
Verified
Correct Answer:
Verified
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