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real GNP = GNP -Inflation
GNP: Total goods and services produced in Economy and Net earning from import-export.
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.
Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.
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What is the difference between the current GNP and real GNP?
The actual one is the one that the government uses and the real gnp is the one that is well the real one just not the one the government goes by.
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
Current gnp and real gnp?
19956.5
What is the difference between GNP at market price and GNP at factor cost?
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
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
What is the difference between the current GNP and real GNP?
The actual one is the one that the government uses and the real gnp is the one that is well the real one just not the one the government goes by.
What is the difference between GNP at market price and GNP at current price?
No difference. Both are the same.
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
What is the difference between GNP at current price and GNP at constant price?
it is the same
When cyclical unemployment increases does the gap between real GNP and potential GNP increase or decrease or stay the same?
increases
Current gnp and real gnp?
19956.5
What is the difference between GNP at market price and GNP at factor cost?
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
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
What is turkey's GNP and GDP?
i have a homework about turkey's gnp between 1923 to 2013
What are the disadvantage of gnp?
Sorry I only have one but it is the main one: It does not show the difference in wealth between people and places in a country.
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
What is the difference between real solutions and real roots when dealing with discriminant?
There is no difference between real solutions and real roots.
