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svetoff [14.1K]
3 years ago
13

How is GDP different then that of GNP ? Explain with example.

Social Studies
1 answer:
Lady bird [3.3K]3 years ago
4 0

The value of goods and services produced within the geographical boundaries of a nation in a financial year is termed as GDP.

The value of goods and services produced by the citizens of a nation irrespective of the geographical limits in a financial year is known as GNP.

GDP measures only the domestic production.

GNP measures only the national production.

Example of GDP:The goods and services that are being produced outside the economy are excluded.

Example of GNP:The goods and services that are produced by the foreigners living in the country are excluded.

Explanation:

Hope it helps❤️

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