Economists sometimes prefer to use GNP rather than GDP as a measure of economic well-being. Which measure

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Economists sometimes prefer to use GNP rather than GDP as a measure of economic well-being. Which measure should we prefer if we are analyzing the total income of domestic residents? Which measure should we prefer if we are analyzing the total amount of economic activity occurring in the economy?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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