If Philippines GDP exceeds Philippines GNP, then a. foreigners are producing more in the Philippines than Philippine citizens are producing in foreign countries. b. Philippine citizens are producing more in foreign countries than foreigners are producing in the Philippines. c. the Philippines real GDP is more accurate than the Philippines GNP. d. the Philippines real GDP is higher compared to the Philippines nominal GDP. *base year is 2003

If Philippines GDP exceeds Philippines GNP, then a. foreigners are producing more in the Philippines than Philippine citizens are producing in foreign countries. b. Philippine citizens are producing more in foreign countries than foreigners are producing in the Philippines. c. the Philippines real GDP is more accurate than the Philippines GNP. d. the Philippines real GDP is higher compared to the Philippines nominal GDP. *base year is 2003

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter3: The Market And Price System

Section: Chapter Questions

Problem 4E

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