Question
Why do we have two measures of economic activity, namely GDP and GNP? Suppose an American company outsources production of goods to its subsidiary in
Why do we have two measures of economic activity, namely GDP and GNP? Suppose an American company outsources production of goods to its subsidiary in India, how does it affect India's GDP and GNP. Also explain the same for America.
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
