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.
Gathering of data necessary to calculate GNP for a year.
find the value of Y and X
Gross National Product, commonly abbreviated as GNP measures a nationâ??s total economic activities. The items used to determine the GNP of US are consumption, government expenditures, investments, exports, foreign production by US companies and domestic production by foreign companies.
GNP?? What are you talking about??
19956.5
Gathering of data necessary to calculate GNP for a year.
find the value of Y and X
Gross National Product, commonly abbreviated as GNP measures a nationâ??s total economic activities. The items used to determine the GNP of US are consumption, government expenditures, investments, exports, foreign production by US companies and domestic production by foreign companies.
GNP?? What are you talking about??
what is the gnp of india?
19956.5
The GNP of Rwanda is $1.89bn
GNP= $1.89 Billion
That is a drop in the amount of GNP.
the Uks GNP is 15 387
Sudan Gnp is $2,800 (2011)
GNP of Canada