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pLEASE MAY I HAVE GOOD explanations Q1. Consider the following statements about Gross Domestic Product (GDP) and Gross National Income (GNI). Which (if any) of

pLEASE MAY I HAVE GOOD explanations

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Q1. Consider the following statements about Gross Domestic Product (GDP) and Gross National Income (GNI). Which (if any) of the statements are true? IGDP - GNI| = net current transfers from the rest of the world. ii. For a country where many companies which produce domestically are foreign-owned, we expect GNI > GDP. iii. On average, GNI is about 10% to 15% higher than GDP. iv. Both GDP and GNI are already adjusted for the consumption of capital

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