What is GNP?
the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.
GNP stands for Gross National Product, which is a measure of the economic performance of a country. It measures the total value of all goods and services produced by a country’s citizens, regardless of their location, within a given period of time, usually a year. GNP includes all the goods and services produced by a country’s citizens, regardless of where they are produced in the world. It’s essentially the total income earned by a country’s citizens and companies, whether they reside within the country’s borders or not.
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