Giving reasons, state whether the statements are true or false.In a closed economy, gross national product is always equal to gross domestic product.

Giving reasons, state whether the statements are true or false.In a cl

1.	Giving reasons, state whether the statements are true or false.In a closed economy, gross national product is always equal to gross domestic product.
Answer» True: When net factor income from abroad is zero i.e., income from abroad is equal to income to abroad.

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Giving reasons, state whether the statements are true or false.In a closed economy, gross national product is always equal to gross domestic product.

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