Elance Exams Answers PDF file

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GNP and GDP differ because:

GNP represents all goods and services produced/provided by the residents of a country while GDP represents all goods and services produced/provided within a country's physical borders
GDP represents all goods and services produced/provided by the residents of a country while GNP represents all goods and services produced/provided within a country's physical borders
GNP will always be lower than GDP due to the adjustment for foreign taxes
GDP is adjusted for inflation while GNP is not
GNP is adjusted for inflation while GDP is not
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