is it the same thing as GDP
2007-02-10 08:43:59 · 20 answers · asked by amandeep k 2 in Social Science ➔ Economics
if thers a difrence can sum1 plz explain what it is :S
2007-02-10 08:48:09 · update #1
There is a big difference. Using the US as an example....
Gross Domestic Product measures the value of goods and services produced WITHIN the borders of the US. Gross National Product is the amount of goods and services produced with US assets.
A US company (US assets) producing goods in Canada would be included in GNP but not GDP. A Japanese automaker producing goods in the US would be included in GDP but not GNP.
2007-02-10 09:43:30 · answer #1 · answered by Allan 6 · 0⤊ 0⤋
GNP stands for Gross National Product. It means the total output of an economy. Exports. GDP is the total excluding exports.
2007-02-10 08:47:59 · answer #2 · answered by Kango Man 5 · 0⤊ 0⤋
The GNP is the Gross National Product of a country - the final output of goods and services and sometimes it includes the total income of its people.
2007-02-10 08:48:15 · answer #3 · answered by Just Me 5 · 0⤊ 0⤋
GNP (Gross National Product) = Consumption + Investment + Government Expenditure + [x-m] + Net Factor income from abroad
[x-m]= Export - Import
GDP (Gross Domestic Product) = GNP- NFIA
2007-02-10 11:37:11 · answer #4 · answered by Kyle J 6 · 0⤊ 0⤋
Gross National Product
2007-02-10 08:46:48 · answer #5 · answered by Kwas205 2 · 0⤊ 0⤋
Gross National Product.
2007-02-10 08:46:06 · answer #6 · answered by waynebudd 6 · 0⤊ 0⤋
Gross National Product.
2007-02-10 08:45:31 · answer #7 · answered by They call me ... Trixie. 7 · 1⤊ 0⤋
Gross National Project
2007-02-10 08:46:33 · answer #8 · answered by Anonymous · 0⤊ 0⤋
GNP = Gross National Product
GDP = Gross Domestic Product.
I'm sure there's a difference, but don;t know what it is!
2007-02-10 08:46:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No, it is not he same as GDP. It stands for Gross National Product.
2007-02-10 08:48:05 · answer #10 · answered by Aliz 6 · 0⤊ 0⤋