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Explain the impact of the following on GDP and GNP in an open economy context: Rise in the share of capital in the production function.
Explain the impact of the following on GDP and GNP in an open economy context:
- Rise in the share of capital in the production function.
- Rise in the technology level.
- Rise in risk factor for investment in foreign economy.
- Rise in immigration of workers to domestic economy
- Rise in rate of depreciation for capital in domestic economy.
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