Both GDP and GNP measure a nation's income per person.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) measures the total value of goods and services produced within a country's borders during a specific period, regardless of the nationality of those producing them. Gross National Product (GNP) measures the total value of goods and services produced by a country's residents, regardless of where they are located in the world. Therefore, while both measures relate to a nation's economy, they do not necessarily measure income per person. Other indicators, such as per capita income or median household income, may be better measures of income per person.

Both GDP and GNP Measure a Nation's Income Per Person