Question

difference between GvP and GDP​

Answer 1

Answer:

GVP.For most practical purposes, there's no difference. Pound is the normal word for the currency, and ultimately originated from the weight measure. British pound and pound sterling are used in business transactions to reduce any possible ambiguity with the weight measure.

GDP.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. GNP = GDP + net property income from abroad..

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Answer 2

Gross value added (GVP) is the value addition done to product resulting in the production of final product where as

Gross demestic product(GDP) is the total value of product in the country.