UrbanPro
true

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

What is the difference between GDP and GNP?

M
Maroof A.
29/07/2019 0 0

GDP is Gross Domestic Product. It is the total value of goods and services produced within the boundaries of a nation in a given time period. E.g. 1 year

The value of goods and services produced by both Indian and foreign National are taken into account.

GNP is the Gross National Product. Here the difference is the fact that boundary restriction is not there. However, the values produced by Indian national residing anywhere in the world is considered.

0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

Mathematical Economics
Functions of one variable (DEMO) Reference book: Sydsaeter and Hammond Play with Graphs- Arihant Content plan for Day 1: Graphs of Functions: Special focus on trigonometric functions. All basic functions...

Introduction, Micro Economics
The basic economics is the study of, and the Economy is a process where people ears their livelihood. Human being has unlimited wants; however, to fulfil those needs resources are limited. So we have...

Surya Mohan Gaur

1 0
0

Indian Economy on the Eve of Independence
Questions: What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies? Ans: The economic policies developed by the British...

FOP ie, Factors Of Production in Economics , for class 11
Factors of Production (FOP) Production of goods & services requires the use of certain resources. For eg : to produce whearc, a farmer needs land, labour, seeds, fertilizer, etc. So in this example...

X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more