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Define GNP and GDP

question 79

Essay

Define GNP and GDP. Explain the difference between GNP and GDP. Why is the difference between GNP and GDP small for most countries?

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Definitions:

Probability

The measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.

Large Shirt

A clothing size specification for shirts indicating a size larger than medium, often with specific measurements for chest width and length.

Probability

The estimation of how likely an event is to take place, quantified by a number ranging from 0 to 1.

Cards

Small pieces of laminated paper or plastic printed with a number, symbol, or illustration, used for playing games, as a medium of exchange, or for identification.

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