How do we calculate GNP and GDP?



How do we calculate GNP and GDP?..

Answer / Mahendra Kumar Jatav

Gross Domestic Product (GDP) is the total monetary or market value of all final goods and services produced within a country in a given period. It can be calculated by adding consumption, investment, government spending, and net exports (exports minus imports). Gross National Product (GNP) is similar to GDP but includes income earned by citizens of a country, whether it was earned at home or abroad.

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