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QUESTION:

If U.S. GDP exceeds U.S. GNP, then _______.

a. U.S. Nationals are producing more in foreign countries than foreigners are producing in the United States

b. real GNP exceeds nominal GNP

c. real GDP exceeds nominal GDP

d. foreigners are producing more in the United States than U.S. Nationals are producing in foreign countries

ANSWER:

d. foreigners are producing more in the United States than U.S. Nationals are producing in foreign countries


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