explaun the concept of domestic product. distinguish between gross dom – InterviewSolution

1.	explaun the concept of domestic product. distinguish between gross domestic product and gross national product
Answer» GNP and GDP both reflect the national OUTPUT and INCOME of an ECONOMY. The main difference is that GNP (Gross National Product) TAKES into account NET income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular countryHOPE THIS HELPS YOU!!!

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