GDP
GDP (Gross Domestic Product) is defined as the total market value of all final goods and services produced within the country’s geographic border in a given period of time (usually a calendar year).
GDP measures economic output based on location.
An American company with a plant in
GNP
GNP (Gross National Product) measures the total amount of goods and services that a country's citizens produce regardless of where they produce them.
GNP measures economic output based on ownership
An American firm operates a plant in Indian, then the profits that the firm earns would contribute to
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