write the difference between gross domestic product and gross national product?
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In economics, Gross Domestic Product (GDP) is used to calculate the total value of the goods and services produced within a country's borders, while Gross National Product (GNP) is used to calculate the total value of the goods and services produced by the residents of a country, no matter their location.
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GNP: An Overview. Gross domestic product(GDP) is the value of a nation's finisheddomestic goods and services during a specific time period. A related but different metric, thegross national product (GNP), is the value of all finished goods and services owned by a country's residents over a period of time.
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