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Gross Domestic Product (GDP) is the total market value of goods and services produced within a country's borders.
Gross National Product (GNP) is the total market values of goods and services produced by enterprises owned by a country's citizens.
The two would be exactly the same if all of the productive enterprises in a country were owned by its own citizens, but foreign ownership makes GDP and GNP two different things.
Production within a country's borders, but by an enterprise owned by somebody outside the country, counts as part of its GDP but not its GNP. Production by an enterprise located outside the country, but owned by one of its citizens, counts as part of its GNP but not its GDP.
GDP = Consumption + Investment + Government Spending + (Exports - Imports)
GNP = GDP + Net Income from Assets Abroad
GNP adds back (or subtracts away) from the GDP income made by domestic people in foreign countries minus income bade by foreigners domestically.
GDP concern is BORDER, whereas GNP concern is PRODUCER.
What else can I help you with?
How does NDP differ from GDP?
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How does product advertising differ from institutional advertising under what conditions will they be used?How does product advertising differ from institutional advertising under what conditions will they be used?
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