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State the major difference between the following pairs of economic terms: a. Gross Domestic Product (GDP) and Gross National Product (GNP) b. Natural rate of

State the major difference between the following pairs of economic terms:

a. Gross Domestic Product (GDP) and Gross National Product (GNP)

b. Natural rate of unemployment and cyclical rate of unemployment

c. Net export (NX) and net capital outflow (NCO)

d. Technological knowledge and human capital

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