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GDP vs. GNP
Transcript of GDP vs. GNP
Tuesday, March 4, 2014
Vol XCIII, No. 445
Examples on getting the GDP & GNP
Group (GALANZA, PATUNGAN, REYES)
Differences of GDP & GNP
Ekonomiks Mga Konsepto, Aplikasyon at Isyu by (Nolasco, Ong, Ponsaran. 2007)
Vibal Publishing House, Inc.
GNP has the general formula to measure.
GNP= GDP + NFIA
Gross National Product (GNP) measures the market value of all products and services produced during a certain period of time by labour and property supplied by the residents of a country.
GDP vs. GNP
Gross National Product
Why is GDP & GNP important?
Why do we need to measure it?
The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
What's inside the Video Presentation?
It's important to measure the GDP and GNP in our economy. It describes here the size and quantity of the resources in an economy. It is also used to measure the improvement or deterioration of the national economy.
GDP has the general formula to the ff.
GDP = C + I + G + (X-M) + NFIA
personal consumption expenditure
balanced of trade or net exports
net factor income from abroad
Differences of the two?
Example of each?
Importance of each?