The values of real GDP and real GNP are almost the same for the United States.

Question

Quizplus · Accepted Answer

Real GDP (Gross Domestic Product) and real GNP (Gross National Product) can be very similar for the United States because both measure the overall economic output, but real GDP focuses on the location of production while real GNP focuses on the ownership of production. In the case of the U.S., the difference between the income earned by residents and the income earned within the country is relatively small, making their values almost the same.

The Values of Real GDP and Real GNP Are Almost