Question

Different between GNP and GNI.​

Answer 1

Answer:

The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. ... GNI (Gross National Income) = (similar to GNP) includes the value of all goods and services produced by nationals – whether in the country or not.

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Answer 2

Answer:

GDP measures the value of goods and services produced within a country's borders, by citizens and non-citizens alike.

GNP measures the value of goods and services produced by only a country's citizens but both domestically and abroad. GDP is the most commonly used by global economies.

IN EASY WORDS:

GNI is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad.

GNP includes the income of all of a country's residents and businesses whether it flows back to the country or is spent abroad.

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