Define the terms :GDP and GNP ?

1.	Define the terms :GDP and GNP ?
Answer» Explanation: GDP (Gross Domestic PRODUCT) is a measure of (national income = national output = national EXPENDITURE) produced in a particular country. GNP (Gross National Product) = GDP + net property income from abroad. This net income from abroad includes DIVIDENDS, interest and profit.

Answer»

Explanation:

GDP (Gross Domestic PRODUCT) is a measure of (national income = national output = national EXPENDITURE) produced in a particular country. GNP (Gross National Product) = GDP + net property income from abroad. This net income from abroad includes DIVIDENDS, interest and profit.

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Define the terms :GDP and GNP ?

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