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capella234 capella234
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How does gross national product (GNP) differ from gross domestic product (GDP) in terms of definition?

▸ GNP includes production of all workers who typically reside in the country, even if some of their production occurs in another country.

▸ GNP includes production of all goods within a country's borders, while GDP includes production of good produced outside the boarders but owned by residents of the country.

▸ GNP only includes production by citizens of that country, while GDP includes the production by foreigners in the country.

▸ GNP includes production of all goods produced and consumed within the country and not the production of goods that are exported or imported.
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Macroeconomics

Macroeconomics


Edition: 3rd
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Nfernandez1991Nfernandez1991
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