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What is the difference between GDP and GNP?

Asked on by | Votes 0 | Views: 13 | Tags: banking financial awareness     | economic & social issues     | Add Bounty

What is the difference between GDP and GNP?
1). Depreciation
2). Taxes and Subsidies
3). Net income from abroad
4). Market price vs Factor cost


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Answered by on | Votes 1 |
Gross Domestic Product is the value of sum of all final goods and services that are produced in the country. If the income from foreign sources is added to it, it becomes Gross National Product.

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