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15 October, 10:02

The difference between GDP and GNP?

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Answers (2)
  1. 15 October, 12:45
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    They both reflect the national output and income of an economy.
  2. 15 October, 13:40
    0
    GDP : Gross Domestic Product

    GNP:Gross National Product

    Explanation:

    GDP can be defined as the sum total number of goods a county has made within a period of time usually a year which excludes the net national income from abroad

    GNP can be defined as the number or amount of money a country has made, which includes the net national income from abroad
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