give examples as well as definations of gdp and gnp as well
2007-03-07 03:39:13 · 4 answers · asked by mrinal k 1 in Social Science ➔ Economics
GDP is the amount of wealth produced in a nation's borders.
GNP is the amount of wealth produced by a nation's citizens, regardless of where they're doing it at.
2007-03-08 01:41:19 · answer #1 · answered by Anonymous · 1⤊ 0⤋
GDP measures what is produced and earned in the domestic economy (inside the country)
GNP measures what people in the country OWN. That is, all of the production that their property produced.
GDP is a more accurate measure of the economy of the country and thus this is what is used now.
GNP is the old measure, but is over-inflated because US corporations own so much of the property in the world. However, their factory in China does not really make the economy of the US bigger, it makes the economy of the China larger.
Hope this helps,
Good luck
2007-03-07 03:50:33 · answer #2 · answered by Yo, Teach! 4 · 1⤊ 0⤋
GDP is gross domestic product, and refers to output produced within a nation's borders. It's incidence is geographic.
GNP, on the other hand, is gross national product and refers to output produced by citizens/subjects/residents/nationals of a country. It's incidence is ownership.
2007-03-07 04:30:14 · answer #3 · answered by Veritatum17 6 · 1⤊ 0⤋
the "d" and the "n" LOL
2007-03-07 03:46:04 · answer #4 · answered by RED ROSE 5 · 0⤊ 2⤋