The difference between GDP and GNP
...The difference between GDP and GNP
Consumption of fixed capital
Indirect business tax
Net factor income from abroad
Public transfer payment
Correct answer is C
The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country. GNP = GDP + net property income from abroad.
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