Answered

Which will be larger, gross domestic product or gross national product?

A. GDP
B. Either one could be larger.
C. GDP and GNP are the same measurement, just with different names.
D. GNP



Answer :

GinnyAnswer

Final answer:

GDP measures production within country borders, while GNP considers production by a country's citizens worldwide.


Explanation:

Gross Domestic Product (GDP) measures the total value of goods and services produced within a country's borders, while Gross National Product (GNP) includes what domestic businesses and labor abroad produce, minus payments sent back to other countries. The key difference is that GNP factors in production by a country's citizens and firms worldwide, whereas GDP focuses on production within geographical boundaries.


Learn more about Gross Domestic Product and Gross National Product here:

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