the concept of gross domestic product (gdp) was born in between 1652 and 1674.
the concept of gross domestic product (gdp) was born in between 1652 and 1674.
when was the concept of gross domestic product (gdp) born?
between 1652 and 1674
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section::::gross domestic product and gross national product.









































gross domestic product (gdp) is defined as "the value of all final goods and services produced in a country in 1 year".









































gross national product (gnp) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country."









































as an example, the table below shows some gdp and gnp, and nni data for the united states:









































bullet::::- ndp: net domestic product is defined as "gross domestic product (gdp) minus depreciation of capital", similar to nnp.
measures of national income and output