Differentiate between GNP and GDP. What precautionary measures should be taken while estimating GNP? Also illustrate the process of double counting.
Differentiate between GNP and GDP. What precautionary measures should be taken while estimating GNP? Also illustrate the process of double counting.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 10SQ
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Differentiate between GNP and GDP. What precautionary measures should be taken while estimating GNP? Also illustrate the process of double counting.
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