Describe three ways in which a country gdp can be calculated, Microeconomics

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Describe three ways in which a country gdp can be calculated

Problem

a) Compare and contrast the economic systems found in North Korea and Australia. How do these systems help or hinder the economic growth of each country?

b) Define and distinguish gross domestic product (GDP) and gross national product (GNP).

c) List and briefly describe the three ways in which a country's gross domestic product (GDP) can be calculated.

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