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Define gross domestic product at market prices

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Reference no: EM13187864

A. Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income.

B. Explain the relationship between Gross National Product at Market Prices and Gross National Product at Factor Cost.

Reference no: EM13187864

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