Answer:
GDP = A nation GROSS DOMESTIC PRODUCT withing her shores
GNP = A nation GROSS NATIONAL PRODUCT in relation to international factors
Explanation:
GDP reflects a nation's Gross Domestic Product. Inorder words, It has to do with the nation's output value. How much a nation produces Services. Also, it contains a nation's expenditures, a nation's income. (These income involves both foreign and Multinationa investment)
GDP helps in accessing , scoring and grading a nation's untilization of her resources and how stable it's political powers are from an economic standpoint.
GNP = Gross National Product
It is a broader way of accessing a nation's economy strength with respect to international bodies, international countries and international factors.
GNP is the summation of a nation's GDP and net income from internationals.
