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9 May, 11:39

what's the difference between gross domestic product and gross national product. what is the significance of this distinction for Nigeria

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  1. 9 May, 14:08
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    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 (Gross National Product) = GDP + net property income from abroad.
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