Gross National Product:

Question

Quizplus · Accepted Answer

Gross National Product (GNP) has indeed been replaced by Gross Domestic Product (GDP) as the official measure of U.S. economic output. However, GNP is still calculated and can be found in national accounts, but it is not the primary measure used. The difference between GNP and GDP in the United States is relatively small because the income earned by U.S. residents and businesses abroad and the income earned within the U.S. by foreign residents and businesses tend to offset each other to some extent.