Q3 State why each of the following statements is true or false(WHY) 1- If the value of output by citizens outside the country is greaterthan the value of output by foreigners inside the country, GNP will be less than GDP. 2- Gross domestic product does not include the value of the housing provided by homes that families own themselves.
Q3 State why each of the following statements is true or false(WHY) 1- If the value of output by citizens outside the country is greaterthan the value of output by foreigners inside the country, GNP will be less than GDP. 2- Gross domestic product does not include the value of the housing provided by homes that families own themselves.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 12PA
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