Answer the Following Questions

question 156

Essay

Answer the following questions:
a.What is the difference between gross domestic product and gross national product?
b.Give an example of a transaction that would be counted in GDP but not in GNP.
c.Give an example of a transaction that would be counted in GNP but not GDP.

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Definitions:

Dermis

The thick layer of tissue below the epidermis in mammalian skin, containing blood capillaries, nerve endings, sweat glands, and hair follicles.

Dilate

To enlarge, expand in size; to increase the size of an opening.

Vessels

Hollow containers, especially those used to hold liquid, or large ships or boats.

Transdermal

Relating to or denoting a method of administering medication through the skin, typically via a patch, for systemic distribution.