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The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP is
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- Transfer payments
- Net foreign income from abroad
- Capital consumption allowance
- Capital gains
- Transfer payments
Correct Option: B
Gross Domestic Product (GDP) is a measure of the total value of the goods and services produced in a country during one year, excluding income from investment abroad by residents of the country. It is the Gross National Product less net income from property or investment abroad.
