Take the following as truth: For example, in 2000, GDP was $9,963 billion and GNP was $9,959 billion.b Given the relatively small difference between the two measures, the denominator has little effect on calculating saving as a share of the economy.
Then the following statement: "In 2000 the GNP was much higher than the GDP and the denominator had a large effect on calculating saving as a share of the economy. " is true, false, or inconclusive?
Answer: False