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What are all the differences between GDP and GNP in economics?

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What are all the differences between GDP and GNP in economics?

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  1. This question was already asked.

    GDP = The total value of all final goods produced by a nation in a given amount of time

    GNP = The total value of all final goods produced by a nation, plus income earned by citizens abroad, minus income earned by foreign citizens in that nation, in a given amount of time

    The difference?  GDP measures total value output of a nation while GNP measures the total output of all the people of a nation


  2. Gross domestic product includes the produce of all people withing domestic territory.

    Gross National product includes the produce of all nationals of a country.  

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