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Q.

How do you differ GNP v/s GDP of a Country?

Tags: money, country, gdp
Asked by Siachen, 18 Jul '11 08:01 pm
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Answers (2)

1.

Almost the same as far as 21st century goes.....

GDP is the sum of all goods and services produced by everyone in the country. If Hyundai (a South Korean car company) produces cars in India and sells in India, the sales is accounted towards Indian GDP.

GNP is the sum of all goods and services produced by everyone from your country. If TATA (an Indian company) acquires a stake in some gold mines in South Africa or Namibia, that gets factored into Indian GNP.
Answered by A Moin, 18 Jul '11 08:08 pm

 
  
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2.

GNP is the sum total of the goods produced by everybody from your country whereas GNP is the total market value of the goods produced within a country in 1 year.
Answered by shweta niroula, 30 Oct '11 02:48 pm

 
  
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