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.
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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