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Q: What is relationship between national income and gross domestic product?
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What is the difference between gross national product and gross domestic product?

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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.


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.


What is the relationship between investment in human capital and gross domestic product?

to determine the value of french fries


Are gross domestic product and net national product equal?

(gross national product or GNP) minus depreciation = net national product


What is national domestic product?

the answer is for the GROSS domestic product (rather than national domestic product as specified in the question. The terms are interchangeable) GDP is the total value of goods and services in a country over a period of time.


What do you mean by GDP and GNP?

Gross Domestic Product and Gross National Product


What is a measure of the size of the national economy?

gross domestic product


What is the relationship between the numerators of the factors and the numerators of the product?

The relationship between the factors and the product is that they are both fractions.


What is the gross domestic product of the Philippines for 2007?

RELATED ON NATIONAL INCOME ACCOUNTING


What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?

Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.


The total value of all the goods and services produced by a country in a year is its?

gross nation prod