5. If Philippines GDP exceeds Philippines GNP, thena. foreigners are producing more in the Philippines than Philippine citizens are producingin foreign countries.b. Philippine citizens are producing...

5. If Philippines GDP exceeds Philippines GNP, then
a. foreigners are producing more in the Philippines than Philippine citizens are producing
in foreign countries.
b. Philippine citizens are producing more in foreign countries than foreigners are
producing in the Philippines.
c. the Philippines real GDP is more accurate than the Philippines GNP.
d. the Philippines real GDP is higher compared to the Philippines nominal GDP.

*base year is 2003

Extracted text: Price of ballpen (PHP) Quantity of ballpen Price of pencils (PHP) Quantity of pencils Year 2003 3 100 10 50 2004 3 120 12 70 2005 4 120 14 70