What is the definition of GNP?

Answer 1

"GNP" is the abbreviation of "Gross National Product", which is the total product value made by businesses registered to a country both within and without its borders. It differs from "GDP" or "Gross Domestic Product" in that GDP includes only product made within the country's borders, though that can include foreign investments and presences. For example, the US GNP would include the product value of all the Ford Motorvehicles in the world, because Ford is an American business, but GDP would only include those franchises in America. But GDP would also include Honda's, Nissan's, Toyota's, Saab's, BMW's, and all other foreign cars sold in America.

Answer 2

Gross National Product