What is GDP and GNP?

Answer 1

Gross Domestic Prodiction and Gross National Production

GDP is counted a ppl productivity who produce within a boundary no matter which nationality you are.

GNP is versa, who count a people productivity no matter where you are but just constrain your nationality

Answer 2

GDP: Gross Domestic Product
GNP: Gross national product.
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GDP: Gross Domestic Product is a measure of the total economic activity occurring in the UK. It can be measured in three ways: Production Measures the Gross Domestic Product as the sum of all the Value Added by all activities which produce goods and services.

GNP: is the value of all final goods and services produced within a nation in a given year, plus income earned by its citizens abroad, minus income earned by foreigners from domestic production. The Factbook, following current practice, uses GDP rather than GNP to measure national production. However, the user must realize that in certain countries net remittances from citizens working abroad may be important to national well-being.

Answer 3

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Gross Domestic Product: Total annual value of goods and services produced by a country.


Gross National Product (GNP) is the value of all the goods and services produced in an economy, plus the value of the goods and services imported, less the goods and services exported.

Answer 4

GDP gross domestic product GNP gross national product

Answer 5

gross domestic product
gross national product

Answer 6

gross domestic product
gross national product

Answer 7

I know its already answered. Please refer wikipedia for more clarity on the defintion part.