Definition GNP or gross national product

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GNP

The GNP or gross national product is the total value of all goods and services produces by a certain nationality. Unlike the GDP which include all goods and services produced within a particular geographic area irregardless of ownership, the GNP only includes the goods and services produced by it's citizens irregardless of geographic area. To calculate the GNP, take the total value of goods and services produced in a nation in one year, add all the goods and services produced by citizens located outside the country, minus all the goods and services produced by foreign residents and producers.

See GDP

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