Suppose Switzerland has many of its citizens temporarily working in other countries, and many of its firms
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Suppose Switzerland has many of its citizens temporarily working in other countries, and many of its firms have facilities in other countries. Furthermore, suppose relatively few citizens of foreign countries are working in Switzerland, and relatively few foreign firms have facilities in Switzerland. In these circumstances, which would you expect to be larger for Switzerland, GDP or GNP?
Briefly explain.
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Related Book For
Essentials Of Economics
ISBN: 9780134797731
6th Edition
Authors: R. Glenn Hubbard, Anthony Patrick O brien
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