The difference between GDP and GNP is that:

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) measures the total economic output of a country within its territory, regardless of the nationality of those producing it. On the other hand, GNP (Gross National Product) measures the total economic output of a country's citizens, regardless of where they live and work. This means that GNP includes international factor income (such as wages and profits earned by a country's citizens abroad), while GDP does not. Therefore, the best choice is A.

The Difference Between GDP and GNP Is That