Multiple Choice
In national income accounting, what is the key difference between Gross Domestic Product (GDP) and Gross National Product (GNP)?
10. Measuring National Output and Income
Other Measures of Total Production and Total Income
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When is GDP roughly the same as GNP?
A
When net exports are close to zero
B
When depreciation (capital consumption allowance) is close to zero
C
When net factor income from abroad (income residents earn abroad minus income foreigners earn domestically) is close to zero
D
When indirect business taxes are close to zero
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