The Gross Domestic Product and Gross National Product are measurements of the value of the total worth of a nation. Domestic product calculates based on the physical borders of the country, whereas the National product calculates based on its citizens, even if those citizens are out of the country.
Cagahsfnfjf
okay, for those who are about to answer, remember, there is a difference between GDP (Gross Domestic Product) and GNP (Gross National Product), when i mean GNP, tell me what country converted to American $ actually has the most money, it might not have many rich people as the US, Luxembourg, Britain, Qatar, or France does.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
rdftghjk
NDP and NNP are different (though sometimes they could be equal between each-other). "Domestic" means that it includes everything produced within country (domestically) and it doesn't matter who have produced it - foreigners or residents. "National" means that it includes everything that are produced by residents only (or by capital belonging to residents) - and it doesn't matter if it is produced domestically or internationally (for instance if I go to work into another country then my work should be included in national but not in domestic product).
Cagahsfnfjf
Gross domestic product can be define as a system of checking difference country product in any given period of a year. while per capital a methods to check induvidual product per year.
okay, for those who are about to answer, remember, there is a difference between GDP (Gross Domestic Product) and GNP (Gross National Product), when i mean GNP, tell me what country converted to American $ actually has the most money, it might not have many rich people as the US, Luxembourg, Britain, Qatar, or France does.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
what is the difference between balance n product modulator
What is a difference between product metrics and process metrics
nothing
i think at the same
rdftghjk
what is the difference between concept selling and product selling?
what is the difference between product analysis and heat analysis
NDP and NNP are different (though sometimes they could be equal between each-other). "Domestic" means that it includes everything produced within country (domestically) and it doesn't matter who have produced it - foreigners or residents. "National" means that it includes everything that are produced by residents only (or by capital belonging to residents) - and it doesn't matter if it is produced domestically or internationally (for instance if I go to work into another country then my work should be included in national but not in domestic product).