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Essay

How the Philippine Gov. measure its GDP and GNP

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

James E

 

Date added:

June 24, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1265

 

Was viewed:

7110 times

 

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Essay content:

It is the market value of all final goods and services produced within a given period of time by factors of production within a country. Gross National Product (GNP) is the total market value of all final goods and services produced within a given period by factors of production owned by a country’s citizens, regardless of where the output is produced...
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GDP The gross national product (GNP) is defined as the total value of income earned by residents of a country regardless of where the income came from. GDP, on the other hand, is the total value of production realized by resident producers in an economic territory. In its simplest terms, GDP is the value of goods and services made in the Philippines while GNP is the value of goods and services made by Filipinos...
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