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Gross National Product (GNP)

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Description

Similar to GDP but includes net income from abroad.

Gross National Product (GNP) measures the total value of all goods and services produced by a country’s residents, including income from abroad, in contrast to GDP, which focuses solely on production within national borders. GNP gives an idea of a country’s economic performance by including its global economic activities. It’s particularly relevant for nations with significant foreign investments.

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