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What is gross national product (GNP)?

Gross National Product, or Gross National Income, records the net income from foreign sources owned by a country's citizens. This metric may be useful to scholars measuring the effect of overseas businesses or remote workers on a country's economy. What Is the Difference Between GNP and GNI?

What does GNP mean in economics?

GNP is known as gross national product and represents the total value of goods and services produced by the residents of a country during a financial year. It takes the income earned by the citizens of the country present within or outside the country into consideration.

What is the difference between GDP and GNP?

Both measure the value of a country's economic activity. The main difference is that GDP measures productivity within a country's geographical boundaries and GNP records economic activity by that country's citizens and businesses, regardless of location. Although GDP tends to be the more popular of the two, their values tend to be about equal.

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