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Differntiate between domestic product and national …

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Differntiate between domestic product and national product
  • 1 answers

Radha Gupta 4 years, 6 months ago

Domestic product measured as GDP and NDP and it is the some Total of factor income generated within the domestic territory of a country. And NATIONAL INCOME IS THE SOME TOTAL OF FACTOR INCOME ACCURING TO NORMAL RESIDENT OF A COUNTRY. NO MATTER WHERE THIS INCOME IS GENERATED_ WITHIN THE DOMESTIC TERRITORY OF A COUNTRY OR REST OF THE WORLD.
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