1.Measuring Value Added for a Charity. A typical charity does not sell products but does generate value added. Explain one way you could measure its value added. 2. Australian GNP and GDP. Australia...

1.Measuring Value Added for a Charity. A typical charity does not sell products but does generate value added. Explain one way you could measure its value added.

2. Australian GNP and GDP. Australia contains many natural resources and foreign firms often come into Australia to extract them. The profits that those foreign firms make are sent back to their home countries. Explain how this affects the relationship between GNP and GDP for Australia. Which one is larger and why?