What is the difference between gdp and gnp

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Reference no: EM131103654

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.

Reference no: EM131103654

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