Question

Differences between gross national happiness and gross domestic product​

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nishuAgarwal605

nishuAgarwal605

29.04.2019

Economy

Secondary School

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What is the difference between GDPmp and GNPmp

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samir4934

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Hiii friend..

Here is your 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.

GNP = GDP + net property income from abroad. This net income from abroad includes dividends, interest and profit.

GNP includes the value of all goods and services produced by nationals – whether in the country or not.

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