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The most appropriate measure to use to illustrate the difference is the output measure of GDP/GNP.
Roughly speaking the GDP of a country is the total value of all goods and services that are produced in the country - by any company located in the country irrespective of the nationality of the company. By contrast, GNP is a measure of all goods and services produced by companies that are owned by the country (or its nationals), wherever that company operates.
So, if foreign owned companies in a country produce more than the country's foreign holdings do wherever they are located, then GDP will exceed GNP. And conversely.
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Net factor income from abroad is positive or negative?
GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP
Is GDP greater than GNP in Bangladesh?
No..GNP is greater than GDP for Bangladesh
Can a country's GNP greater than its GDP?
yes
Why did US replace GNP with GDP?
The short answer is that they didn't. GNP and GDP are to different economic indicators. They are however related. However I have noticed that a lot of US statistics prefer to GDP rather than GNP to describe US economy. A reason given by the Federal Reserve Bank of St. Louis in 1992 "GDP corresponds more closely than GNP does to other indicators used to analyze short-term movements in the U.S. economy, such as employment and industrial production." GNP = GDP + NR GDP = consumption + investment + (government spending) + (exports − imports)
Why is Kuwait's GNP higher than GDP?
because they produce lots of tomatoes
What is the present GDP and GNP of India?
current GDP rate
When is the Gnp higher than Gdp?
GNP is higher when there is more income generated from Americans on our land and abroad then there is by the income generated domestically alone.
What is turkey's GNP and GDP?
i have a homework about turkey's gnp between 1923 to 2013
Distinguish between GNP and GDP?
GNP = GDP + net receipts from foreigners to domestic companies - net receipts from home to foreign companies
Why gdp commonly used by countries than gnp?
niyandiqhela(xhosa) u are negatively used to me
In calculating GDP versus GNP what is now not counted?
GDP is calculated for a specific period of time, usually a year or a quarter of a year. No listing for "What is not counted in calculating GDP versus GNP".
What is the difference between GDP ndp and gnp?
whatever product is produced and sales in our country that is called GDP,selling tothe othe country that is called GNP
