Question: What is difference between GDP and GNP? If GNP is higher than GDP in a country, what do we think of this country? (ii)

What is difference between GDP and GNP? If GNP is higher than

What is difference between GDP and GNP? If GNP is higher than GDP in a country, what do we think of this country? (ii) (5 points) What is the difference between core inflation and CPI? (iii) (5 points) Derive this equation I = S + (TG) (iv) (5 points) Show crowding out effect on IS-LM curve? (10 points) Explain the following quation ne = n + u - au where expected inflation () is defined as follows = t-1

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