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When is gross national product (GNP) lesser than the gross domestic product (GDP)?

Asked by Topperlearning User 15th April 2016, 2:30 PM
Answered by Expert
Answer:

Net factor income from abroad (NFIA) is the difference between factor income earned by our residents from rest of the world and factor income earned by non-residents within our country. NFIA may be positive or negative. If the net factor income from abroad is negative, gross national product is less than the gross domestic product.

Answered by Expert 15th April 2016, 4:30 PM
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