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Overview of GDP and GNP

Identifier

Title

Overview of GDP and GNP

Subject

Description

Gross domestic product, also known as GDP, is defined as the total market value (the amount that a product would trade for in the open market) of all goods and services produced within a specific a location over a particular time period. GDP includes all products that are sold in the home market as well as some non-market items like educational services paid for by the government (Callen, 2008).

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about.com

Publisher

about.com

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All Rights Reserved.

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Read online (online html)

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Citation

Amanda Briney, “Overview of GDP and GNP,” Uwekind Resource Centre, accessed December 15, 2019, http://library.uwekind.com/items/show/111.