answersLogoWhite

0


Best Answer

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.

Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.

Read more at : http://financenmoney.in/the-key-indicators-of-economic-growth-gdp-gross-domestic-product-and-gnpgross-national-product/

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Explain why the GNP and GDP are different?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Net factor income from abroad is positive or negative?

GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP


Is GDP greater than GNP in Bangladesh?

No..GNP is greater than GDP for Bangladesh


Why did US replace GNP with GDP?

The short answer is that they didn't. GNP and GDP are to different economic indicators. They are however related. However I have noticed that a lot of US statistics prefer to GDP rather than GNP to describe US economy. A reason given by the Federal Reserve Bank of St. Louis in 1992 "GDP corresponds more closely than GNP does to other indicators used to analyze short-term movements in the U.S. economy, such as employment and industrial production." GNP = GDP + NR GDP = consumption + investment + (government spending) + (exports − imports)


What is the present GDP and GNP of India?

current GDP rate


What is turkey's GNP and GDP?

i have a homework about turkey's gnp between 1923 to 2013


Distinguish between GNP and GDP?

GNP = GDP + net receipts from foreigners to domestic companies - net receipts from home to foreign companies


In calculating GDP versus GNP what is now not counted?

GDP is calculated for a specific period of time, usually a year or a quarter of a year. No listing for "What is not counted in calculating GDP versus GNP".


Why is GDP considered a more accurate measure than GNP?

Gross domestic product can be calculated in th esingle currency where as GNP may be calculated in different currency


What is the difference between GDP ndp and gnp?

whatever product is produced and sales in our country that is called GDP,selling tothe othe country that is called GNP


Can a country's GNP greater than its GDP?

yes


What is the per capita GNP in Germany?

German GDP - 34,100


What is the similarities between gDP and GNP?

business,economic forecasting