Question

distinguish between GDP and GNP

Answer 1

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 and national expenditure produce in a particular country.

Answer 2

Gdp is the total value of goods and services produced within a country by all residents while gnp is the value of goods and services produced by normal residents. It includes net factor income from abroad