TeachMeFinance.com - explain Gross National Product
gross national product (GNP) -- The total market value of goods and services produced
during a given period by labor and capital supplied by residents of a country, regardless of where
the labor and capital are located. GNP differs from GDP primarily by including the capital income
that residents earn from investments abroad and excluding the capital income
that nonresidents earn from domestic investment.
Gross National Product (GNP) -- the most comprehensive measure of a nation's total output of goods and services, consisting of the total retail market value of all items and services produced in a country during a specified period.
Gross National Product -- A measure of the market value of all goods and services produced within the boundaries of a nation plus receipts from foreign business activities and investments beyond the national boundaries.
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