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The Value of Production Generated by a Country's Factors of Production

Question 60

Multiple Choice

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?


A) The GDP of the country is higher than its GNP.
B) The GDP of the country is lower than its GNP.
C) The GDP of the country equals its GNP.
D) The GDP of the country equals its trade balance.

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