#11
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GDP: Gross Domestic Product is estimated value of the total worth of a country’s production and services, on its land, by its nationals and foreigners, calculated over the course on one year.....
GNP:Gross National Product is estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign land, calculated over the course on one year.. i hope you got the difference, Dear if you are first time opting Economics then i suggest you think again as it is a technical subject... |
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#12
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What is difference between Gross Income and Net Income?
By Shobeen Jehajo.
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#13
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Gross income is before taxes and deductions, and net income is after taxes and deductions.
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#14
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GROSS INCOME: is actual amount of money you make on a job before taxes and insurance are deducted.
NET INCOME: is actual amount of money you take home (weekly/monthly) after all taxes, insurance, medical insurance, etc have been deducted. |
#15
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Gnp
Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.
GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".[1] Basically, GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. GNP measures the value of goods and services that the country's citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.
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M.A.S Last edited by MOEEN AKHTAR; Tuesday, November 06, 2012 at 09:22 PM. Reason: NOTHING |
#16
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Gnp
Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.
GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth" Basically, GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. GNP measures the value of goods and services that the country's citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal. Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While GNP measures the output generated by a country's enterprises (whether physically located domestically or abroad) GDP measures the total output produced within a country's borders whether produced by that country's own local firms or by foreign firms. When a country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the United States estimated its GDP at $14.119 trillion, and its GNP at $14.265 trillion
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#17
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Gross develipment of pakistan
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#18
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GDP( Gross Domestic Product) is that amount of earning which is totally the outcome of our national efforts and not included the outside(abroad) earnings.
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"Our Lord, give us the good in this world and the good in the hereafter." (Al-Qur'an, 2:201). |
#19
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GDP is the market value of goods and services produced within a country during the course of one year
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#20
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what is the GDP of Pakistan and its Growth rate ?
and what is the difference between GDP and its growth rate ?
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''Surely with every hardship there is relief'' (The Holy Quran 94:6) |
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