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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 13CTQ: Think back to a purchase that you made recently. How would you describe your thinking before you...

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