Sample Resume : Business Administration

1458 WordsNov 25, 20156 Pages
SCHOOL OF BUSINESS ADMINISTRATION ASSOCIATE OF BUSINESS ADMINISTRATION Assessment: Assignment Semester: Fall 2015 - 2016 Course Code: BUS203 Course Title: Introduction to Macroeconomics Section: E Student Name : Hamed Mohammed ID : ABA1321744 GDP (Gross Domestic Product) GNP ( Gross National Product), the first one means an estimated value of the total worth of a country production and services, within boundary , by the national and foreigners, calculated over the year while the late one means an estimated value of the total worth of production and services by the citizens of the country on inside the country and on over board also calculated over the course of the year. The key difference between them that the GDP is domestic, it has the total of production and services but by the nationals and foreigners together so the outsiders who is working inside the country are contributing with this calculations but the GNP is national and it means only the people who has the nationality of this country where ever they are working and making income. GDP is used inside the formula of the GNP and the formulas are, GDP = consumption + investment + government spending + (exports - imports) while the GNP = GDP + NR – NP. Notice that (NR = net income receipts, NP = net payment). GDP allow us to see the strength of the local income but GNP allow us to see how the people holding the nationality of a country are doing in
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