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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)
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What economic factors led the US to become a powerful military nation by 1950?
The economic growth and the size of the US economy, allowed for the US to base literally tens of thousands of troops abroad and develop a strong and sophisticated military. The top four economies in the world in 1950 was as follows:GNP & GDP of the top four economies in 19501. US 381 Billion GNP and $2,346 GDP;2. USSR 126 Billion GNP and $699 GDP;3. UK 71 Billion GNP and $1, 393 GDP; and4. France 50 Billion GNP and $ 1,172 GDP.Basically, the economic power of the US enabled it to dominate the world on a military basis.
What is the difference between the CPI and the GNP?
The CPI measures changes in prices over time while the GDP measures changes in production.
What is the GNP of Mali?
The GNP is 15.466 billion for Mali
What is the median household income in Argentina?
GDP for Argentina 2008 is $14,200 US.
What was GNP for USA Japan and South Korea in 2006?
here is a website with the GNP of other countries http://www.scaruffi.com/politics/gnp.html
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
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".
What is the 2008 US GNP?
US GNP (2008) : $14.4 Trillion (14,400,000,000,000) http://www.forecast-chart.com/forecast-us-gnp.html US GDP (2008): $14.33 Trillion (14,330,000,000,000) US GDP Growth Rate : 1.3% (2008), 2.8% (2006) US GDP Per Capita (per person) $47,000 (2008) - this means that the average annual GDP for a person in the US is $47,000. https://www.cia.gov/library/publications/the-world-factbook/geos/us.html#Econ
What economic factors led the US to become a powerful military nation by 1950?
The economic growth and the size of the US economy, allowed for the US to base literally tens of thousands of troops abroad and develop a strong and sophisticated military. The top four economies in the world in 1950 was as follows:GNP & GDP of the top four economies in 19501. US 381 Billion GNP and $2,346 GDP;2. USSR 126 Billion GNP and $699 GDP;3. UK 71 Billion GNP and $1, 393 GDP; and4. France 50 Billion GNP and $ 1,172 GDP.Basically, the economic power of the US enabled it to dominate the world on a military basis.
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
State the relationship which holds between GDP and gnp?
GDP (Gross Domestic Product) is a commonly used calculator of national income and measures the economic activity in a country. Essentially, the GDP is a figure which measures the value of the goods and services produced in a country in a given time period (usually one year). GNP (Gross National Product) is also a calculator of economic activity. However, GNP also encompasses the value of net income made abroad. Moreover, when calculating GNP, the value of what foreign countries earn in the given country is subtracted from the value. To clarify, let us use an example: If a US business had a manufacturing plant located in China, any profit made by the plant would not be calculated in the GDP, but would be accounted for in the GNP. If a Canadian business has a manufacturing plant located in the US, any profit made by the plant would be included in GDP, however it would be subtracted from the value of the GNP. Consequently, those both GDP and GNP are measures of economic activities, the two values can be extremely different.
What is the per capita GNP in Germany?
German GDP - 34,100
