1
Question
what is the difference between GDP and GNP?
what is the difference between GDP and GNP?
Open in App
Solution
- GDP= Gross Domestic Product.
Gross domestic product is the value of all officially recognized final goods and services produced within a country in a given period.
- GNP=Gross National Product
Gross National Product is the market value of all products and services produced in one year by labour and property supplied by the residents of a country
- GDP= Gross Domestic Product.
Gross domestic product is the value of all officially recognized final goods and services produced within a country in a given period.
- GNP=Gross National Product
Gross National Product is the market value of all products and services produced in one year by labour and property supplied by the residents of a country
Suggest Corrections
1
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
