Econoland and Macroland are neighboring countries. Which of the following would be included in the GNP of Econoland but not in Econoland's GDP?
A) the value of the output of a factory in Econoland that is owned by a company whose headquarters are located in Macroland
B) the value of the output of a factory in Macroland that is owned by a company whose headquarters are located in Econoland
C) the value of output sold in Macroland that was produced by a farmer who owns land in Econland
D) the value of output produced in Econoland that remained unsold the year it was produced
Correct Answer:
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