GDP and GNP have been only 1% to 2% different from each other over the last 20 years.

Question

Quizplus · Accepted Answer

GDP and GNP have been very close to each other for the last 20 years, with a difference of only 1% to 2%. This is because the two measures are very similar, with GDP measuring the value of all goods and services produced within a country's borders, while GNP measures the value of all goods and services produced by a country's residents, regardless of where they are produced.

GDP and GNP Have Been Only 1% to 2% Different