What is Gross National Product (GNP) ? | Calculation, Importance, and Limitations of GNP - 2024
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- เผยแพร่เมื่อ 4 ก.พ. 2025
- What is Gross National Product (GNP) ? | Calculation, Importance, and Limitations of GNP - 2024
Hi friends, In this video, you are going to learn about Gross National Product or GNP.
Gross National Product, or GNP, is a measure of the total economic output, produced by a country's residents, including both individuals, and businesses, regardless of their location. It encompasses not only the value of goods and services produced within the country's borders, but also takes into account the earnings of its citizens abroad.
It means, If you are an Indian citizen working in the US, your services will also be counted in India's GNP.
Here I discussed ::::::
What is GNP? or What is Gross National Product?
How to calculate GNP?
Importance of GNP?
Limitations of GNP?
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I like this video but would love to see a video comparing GDP to GNP and other measures and the benefits and drawbacks of using one measure vs the other and the respective evolutions and why each has developed and come into favor and amongst who. For example, while I don't know this to be a fact, my guess is that GDP has tended to be a more popular measuring device then GNP sense production of so many companies are conducted outside of their country of origin. Apple, an American company, manufacturers almost none of its products in the United States. Though it should be there for as part of the US gnp,, it misses all the productivity which occurs in China while sales occur in the US and outside of the United States. Therefore it appears that globalism accounts for a decline in the value and usage of the GNP, no? Would be a good absolutely and practical show. Thanks.
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The topic you mentioned is already there in our another channel.. Please check it out.❤️
@@educationleavesskills Thanks!
thanks a lot for explanations
Most welcome!
If you can use that formula for GNP what of GDP
1. Expenditure Approach:
GDP = C + I + G + (X - M)
C: Consumption expenditure by households
I: Investment expenditure by businesses
G: Government spending on goods and services
(X - M): Net exports (exports minus imports)
2. Income Approach:
GDP = Total income (from salary, profits, etc.) + tax + depreciation + gross operating surplus
Mmm aren't they same