Question

differnce between gross domestic product and gross national product

Answer 1

Gross Domestic Product (GDP) and Gross National Product (GNP) both try to measure the market value of all goods and services produced for final sale in an economy. The difference is how each term interprets what constitutes the economy.

Answer 2

GDP and GNP both indicate the national output and income of an economy at a specific time period.Both the terms refer the market value of all goods and services produced for a country.Generally, GDP is the value of production within a boundary of a country where GNP is the value of production by its citizen of a country.


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