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It is the market value of all final goods and services produced within a given period of time by factors of production within a country.
Gross National Product (GNP) is the total market value of all final goods and services produced within a given period by factors of production owned by a country’s citizens, regardless of where the output is produced.
GNP vs. GDP
The gross national product (GNP) is defined as the total value of income earned by residents of a country regardless of where the income came from. GDP, on the other hand, is the total value of production realized by resident producers in an economic territory...
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