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With reference to the “Gross National Product (GNP)”, consider the following statements:
It includes income earned within the domestic economy by foreign residents.
If a country has many multinationals that repatriate income from local production, then GNP will be lower than Gross Domestic Production.
Which of the statements given above is/are correct?
Both 1 and 2
Neither 1 nor 2
By: Kamal Kashyap ProfileResourcesReport error
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