what is GDP at market price? …
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Posted by Rajiv Kumar 2 years, 9 months ago
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Bharti Jangra 2 years, 10 months ago
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Preeti Dabral 2 years, 9 months ago
It refers to market value of final goods and services produced within the domestic territory of the country within one year inclusive of depreciation. GNP is an economic concept because it includes productive efforts of only residents of a country within and outside the country GDP is based on domestic territory but GNP is based on normal residents.
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