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Relation between GNP and GDP

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Problem:

GDP differs from GNP because:

GDP = GNP - net factor payments from abroad.
GNP = GDP - net factor payments from abroad.
GDP = GNP - capital consumption allowances.
GNP = GDP - capital consumption allowance

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Solution Summary

The solution explains the mathematical relation between GDP and GNP.

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  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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