State the difference between GDP and GNP. [Answer Limit: 20 words] [UKPSC 2023]
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Whatever is produced as output in terms of the country turns into GDP or the gross domestic product, which (in many senses) refers to the idea that the outputs of the country regardless of the producers of the output and the sellers of that output are all values of the country within the borders. GNP (Gross National Product): The monetary value of all final products and services produced by individuals in a country that are citizens is measured by GDP while GNP takes into account the net income received by the country as well as the output produced by foreign production units located within the country.