GNP vs GDP

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• Calculating GDP, GNP, Net National Product and National Income

  Calculating GDP, GNP, Net National Product and National Income is achieved.

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  GNP but not in U.S. GDP. Why in U.S. GNP? Because it is an American company. Why not in U.S. GDP? Because the production would be based outside the US territory.

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• Graph to Determine Equilibrium Levels

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• GNP at market price and the GNP from the data provided

  ANSWERS Year 1 GDP at market prices = 600+134+280+(80-105)=989 GNP at market prices = 989 + (75-95) = 969 Year 2 GDP at market prices = 960+340+270+(150-125)=1,595 GNP at market prices = 1,595 + (120-95) = 1,620 GNP at market price and the GNP