Explain the difference between GDP and GNP.... | Filo

Difference between GDP & GNP | Economics {CSS Economics} | CSS Club Gross domestic product (GDP) is the value of a nation's finished domestic goods and services during a specific time period. A related but different metric, the gross national product (GNP), is the value of all finished goods and services owned by a country's residents over a period of time. Both GDP and GNP are two of the most commonly used measures of a country's economy, both of which represent the total market value of all go