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Answer Posted / sudipsahoo
GDP or Gross Domestic Product = Value of Goods and services
+ Revenue generated by foreign nationals and companies
working in the country - Revenue generated by own nationals
and companies from working in other nations.
In contrast, GNP or Gross National Product = Value of Goods
and services - Revenue generated by foreign nationals and
companies in a country + Revenue generated by Own nationals
and companies from working in other nations.
| Is This Answer Correct ? | 6 Yes | 1 No |
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