Explain the difference between the money gnp and real gnp, International Economics

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Explain the difference between the money gnp and real gnp

Problem

1. Indicate two alternative methods of deriving GNP. Explain why the two yield the same answer.

2. Explain the difference between the money GNP and real GNP. Does it make any difference which of the two is used to gauge economic activity? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Explain the difference between the money gnp and real gnp

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International Economics: Explain the difference between the money gnp and real gnp

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