Next to each of the following items indicate in the table which items belongs to GDP and which to GNP. 1-Rent paid to an Omanis who owns factory in Canada 2-Salary paid to foreigners working in Oman for an Omani- owned company Interest paid on 3-capital in a foreign-owned company to an Omani citizen 4- Profits earned in Oman by a foreign-owned company
Next to each of the following items indicate in the table which items belongs to
1-Rent paid to an Omanis who owns factory in Canada
2-Salary paid to foreigners working in Oman for an Omani- owned company Interest paid on 3-capital in a foreign-owned company to an Omani citizen
4- Profits earned in Oman by a foreign-owned company
Introduction
Gross domestic product is defined as the market value of all final goods and services produced in a year in the domestic territory of a country. Whereas gross national product is the monetary value of all final goods and services produced by normal residents as well as non-residents in the domestic territory of a country and also includes net factor income earned from abroad.
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