Question

difference between GNP and GDP in points​

Answer 1

Answer:

GDP measures the value of commodities(goods+services) produced within the country, no matter whether produced by Residents or non-residents (country concept). GNP measures the value of commodities produced by all the RESIDENTS, no matter whether produced within the country or abroad (resident concept).

Answer 2

Answer:

GNP and GDP both reflect the national output and income of an economy. The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country

Explanation:

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