If the Value of the Output Generated by a Country's

question 92

Multiple Choice

If the value of the output generated by a country's factors of production within the borders of foreign countries is higher than the value of the output generated by foreign factors of production within its borders,________.

• 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

---

Definitions:

Sales Approach

A method or strategy used by salespeople to introduce and sell a product or service to potential customers.

Reciprocity

An agreement whereby a person or organization buys a product if the person or organization selling the product also buys a product from the first party.

Preconceived Answers

Responses or conclusions formed in advance of obtaining complete information or experience, often based on assumptions.

Pocket Planner

A pocket planner is a compact, portable calendar or agenda used for organizing appointments, tasks, and notes, typically small enough to fit in a pocket or handbag.