The financial sector of a country is very small. Local banks refuse many clients because they do not have enough capacity. As a result, some households put their savings in banks of neighboring countries. Which of the following is most likely ? Select one: a. GDP is greater than GNP. b. GDP and GNP are equal c. GNP is greater than GDP d. It is not possible to say anything on GDP and GNP
The financial sector of a country is very small. Local banks refuse many clients because they do not have enough capacity. As a result, some households put their savings in banks of neighboring countries. Which of the following is most likely ? Select one: a. GDP is greater than GNP. b. GDP and GNP are equal c. GNP is greater than GDP d. It is not possible to say anything on GDP and GNP
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 4QP
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The financial sector of a country is very small. Local banks refuse many clients because they do not have enough capacity. As a result, some households put their savings in banks of neighboring countries.
Which of the following is most likely ?
Select one:
a.
b. GDP and GNP are equal
c. GNP is greater than GDP
d. It is not possible to say anything on GDP and GNP
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