Gross Domestic Product (GDP) - the total market value of every finished product, whether commodities or services, produced within a country in a specific time period (usually a fiscal year) taken together.
Gross National Product (GNP)
Gross Domestic Product (GDP) - the total market value of every finished product, whether commodities or services, produced within a country in a specific time period (usually a fiscal year) taken together.
Gross National Product (GNP) - the total market value of all finished commodities and services, produced by the production factors of a country and then disposed off through sales within a particular time period. The outputs from outsourcing of production all add to the GNP of a nation.
Per Capita Income - the total earnings of a co