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What is the difference between GDP & GNP?
a. There is no difference
b. GDP includes output produced within a nation's boundaries, while GNP includes output produced by a nation's own citizens & firms
c. GNP includes output produced within a nation's boundaries, while GDP inclues output produced by a nation's own citizens & firms
d. GDP accounts for only final goods & services, while GNP includes used goods & services.
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