Australia contains many natural resources and foreign firms often come into Australia to extract them. The profits

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Australia contains many natural resources and foreign firms often come into Australia to extract them. The profits that those foreign firms make are sent back to their home countries. Explain how this affects the relationship between GNP and GDP for Australia. Which one is larger and why?
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Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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