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Econoland and Macroland Are Neighboring Countries

Question 170

Multiple Choice

Econoland and Macroland are neighboring countries. Which of these 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 Econoland
D) the value of output produced in Econoland that remained unsold the year it was produced

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