What is the meaning of GDP and GNP?What is the difference??

Question

..Im quite confused between these two terms

Answer 1

GDP vs. GNP. Both calculates the final products and services produced by a nation. But GDP calculates the products of their own corporation INSIDE the country, and GNP calculates the products of their own corporations whether these corporations are INSIDE or OUTSIDe of the country. i.e. Intel has manufacturing offices in China, so, its final products are included in the calculation of China's GDP, but not China's GNP (since Intel is an American company). Now, Intel in China's final products are not included in the U.S GDP, but it is included in the U.S GNP.

zZzzZ..hope you understood..

Answer 2

GDP stands for Gross Domestic Product. GDP is the total value of goods and services produced within the country in a year.

GNP stands for Gross National Product. GNP includes the GDP, but it also accounts for the flow of money into or out of the country for the purpose of investment.

For example, if an American invested money in a Chinese corporation (outflow) and made a profit on that investment (inflow), neither transaction would be part of the GDP for the US. They would both be used for calculating the GNP.

Answer 3

GDP: Gross Domestic Product - is defined as the market value of all final goods and services produced within a country in a given period of time.

Gross National Product (GNP) - is the total value of final goods and services produced in a year by a country's nationals (including profits from capital held abroad).

The difference between GNP and GDP lies in the treatment of income from foreign sources. GNP measures the value of goods and services produced by U.S. nationals, while GDP measures the value of goods and services produced within the boundaries of the U.S.

Answer 4

GDP stands for Gross Domestic Product.
here the value is taken of what has been done in the Domestic Sector ie within the country limits.
GNP stands for Gross National Product
here the value is taken of what nation has done.
the differencein domestic and national lies in the fact that national takes account of the foreign inflows and outflows, while domestic does not take that into consideretion

Answer 5

i.e. means "id est" in Latin, or "that is" e.g. means "exempli gratia" in Latin, or "for the sake of example" They are commonly interchanged in English, but they are not the same thing. i.e. is meant more as an explanatory/clarification/definition clause ("in other words"), where as e.g. is meant to provide examples ("for example"). "My favourite thing to cook is Italian (i.e. pasta)." means the only Italian food I like to cook is pasta -- not lasagna or pizza. "My favourite thing to cook is Italian (e.g. pasta, lasagna, pizza)." means I like to cook Italian food in general, and here are some examples. When faced with the choice of which to use in a sentence, ask yourself what you are trying to say -- are you trying to define/clarify what you meant or give examples? When you get to the point of the sentence where you need to put one or the other in, try saying "for example" or "in other words" followed by what you want to say and see which one is a better fit.