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What is the difference between Gross Domestic Product and Gross National Product?

The Gross Domestic Product and Gross National Product are measurements of the value of the total worth of a nation. Domestic product calculates based on the physical borders of the country, whereas the National product calculates based on its citizens, even if those citizens are out of the country.


What is the acronym for Gross Domestic Product?

The acronym for Gross Domestic Product is GDP.


What does GDP stands for?

It stands for Gross Domestic Product


Which of these methods calculates the market value of all final goods and services produced within a country's borders in a given year?

Gross Domestic Product


What is Iraq's gross domestic product?

Iraq's gross domestic product is 84 billion.


What is the term term for the total value of all goods and services produced in a particular economy?

Gross Domestic Product... (:


How is the gross national product derived from the gross domestic product?

The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.


Per capita gross domestic product is a nation's gross domestic product divided by its what?

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What are the two types of gross domestic product?

Coffee and tea are two types of the gross domestic product.


What is the best definition of gross domestic product?

Gross Domestic PRoduct is the total amount of money per year


What is the difference between gross national product and gross domestic product?

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What do you mean by GDP and GNP?

Gross Domestic Product and Gross National Product