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What is Gross National Product?
Gross National Product (GNP):
It measures the value of output produced through a country is citizens anywhere within the world, in a specified period of time, generally one year. As an example of: Cars produced through Honda into the UK are comprised in UK GDP nevertheless profits sent back to Japan add to Japan is Gross National Product.
GNP = GDP + net property income through abroad (NPIA) which is income received through other countries (as like interest and dividends); remove similar payments made to the other countries.
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
What are the requirements for something to be considered money? Why does the dollar have value?
The market for quits is initially competitive and the market demand is: P=400-0.4QD. The Combined marginal costs of the firms in the quit industry are: MC=50+0.6Q. a. Draw the
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What is income generation process
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