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- what is the difference between Gross Domestic Product and Gross National Product? Would the difference be large or small for developed country? Defend your stand and give examplesIdentify the statement that describes the Gross Domestic Product of a country. a. All goods and services that are imported to the country b. All goods and services that are produced within a nation's borders. c. The amount of intermediate goods produced inside the country d. All goods and services that are produced outside a country's bordersWhat is the GDP of this economy?
- Calculate the gross domestic product and the net domestic product and market pricesThe GNP of a country is $200 billion, receipts of factor income from the rest of the world are $10 billion, payments of factor income to the rest of the world are $30 billion, and depreciation is $25 billion. What is the GDP and the Net National Product?What items are not included in the calculation of GDP in the economy of the country.