Asked • 04/20/19

What is the purpose of measuring GNP?

I know that the GDP (the value of all final goods and services produced within a country during a given period of time) is useful for determining the productivity of a nation, the size of the nation's economy, and the standard of living. The GNP (the value of all final goods and services produced by individuals belonging to a particular nation, both domestic and abroad, during a given period of time), I believe, is used in very similar ways. Overall, however, it seems that the GDP gives similar information and is easier to calculate than the GNP. That being said, what is the point of calculating the GNP?

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