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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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