what is gdp and nnp?

Answer 1

GDP stands for Gross Domestic Product, which is basically the market value of all final goods and services produced within the borders of the country

NNP stands for Net National Product, which is basically the GDP minus expenses within a country to replace old processes, a way of measuring the net investment.

Answer 2

not really an answer, but the problem with measuring our economic activity by counting all the Gross Domestic Products is this. We are not producing any good, when a drunk runs over an innocent person, but we count all the repairs to the car, the funeral expenses and cost of the coffin, the policemans salary and so on....much of the GNP may be for negative stuff like this...but it all counts! One country has a National Happiness Quotient, and measures its success by the happiness of its people.