Page 20 - FINAL CFA I SLIDES JUNE 2019 DAY 6
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Session Unit 5:
19. Int. Trade & capital Flows, p136
LOS 19.a: Compare gross domestic product and gross national product, p.137
GDP = domestic/within SA
GNP = produced by capital or labour owned by South African’s wherever!
LOS 18.t: Describe benefits and costs of international trade, p.137
Benefits:
Lower cost goods, increasing employment, wages and profits from exports
Costs:
Job losses, etc.
