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QUESTION
2 questions. 1. What is the difference between GDP and GNP? Can you discuss some of the limitations of using GDP to measure the size of an economy?
2 questions. 1. What is the difference between GDP and GNP? Can you discuss some of the limitations of using GDP to measure the size of an economy?
2. Research shows that in 2006, about 66% of the total U.S. currency was held by foreigners. What do you think are the major macroeconomic implications of the fact that foreigners hold such a high proportion of the dollar bills in circulation?
