- published: 04 Oct 2016
- views: 53412
-
remove the playlistGross National Product
- remove the playlistGross National Product
Gross national product
Gross national product (GNP) is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP allocates production based on location of ownership.
GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents.
GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".
When a country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the United States estimated its GDP at $14.119 trillion, and its GNP at $14.265 trillion.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Gross_national_product
GNP (disambiguation)
GNP often refers to Gross National Product, measures of national income and output.
GNP and GNP+ may also refer to:
People
Acronym
GNP
GNP+
Enterprises and brands
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/GNP_(disambiguation)
Podcasts:
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Explaining the Gross National Product
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published: 04 Oct 2016 -
What is GNP? | GNP Explained | Gross National Product | IB Macroeconomics | IB Economics Exam Review
Join 3,400+ Readers every Friday for my weekly newsletter: https://learn-brad-cartwright.ck.page/1d9bbc808b Each Friday you'll receive one practical Economics tip, thought, or teaching strategy to help you become a more empowered student or teacher: Buy The Entire Course for Only $19.95: https://www.bradcartwright.com/pages/on-line-economics-courses LINKEDIN: https://www.linkedin.com/in/brad-cartwright/ INSTAGRAM: https://www.instagram.com/bradleyocartwright/ FACEBOOK: https://www.facebook.com/bradleyocartwright/ WEBSITE: https://www.bradcartwright.com IB ECONOMICS STUDENTS Student Home Page: https://www.bradcartwright.com/pages/ib-economics-student-review-tutoring-resources-memberships IB ECONOMICS TEACHER WORKSHOPS, MEMBERSHIPS, AND RESOURCES Teacher Home Page: https://www.br...
published: 02 Feb 2020 -
Comparing GDP and GNP! (Examples included!)
In this video we go over what GDP and GNP are, how they are related, and how they are different. We will also go over different examples for both GDP and GNP. Subscribe and hit the bell to see a new videos. Subscribe here ►https://goo.gl/7sNYbR #Economics #GDP #GNP
published: 06 Mar 2019 -
GDP and the Circular Flow- Macro Topic 2.1
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching. The answers to the multiple-choice questions are below: 1. A 2. C 3. D 4. C How to download the Circular Flow and GDP Practice Sheet Step 1: Go to: https://acdcecon.thinkific.com Step 2: Create a free account Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College) Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)" Step 5: Download the PDF, fill it out, and check your answers *Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If yo...
published: 11 Sep 2019 -
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
New StudyIQ Channel - https://www.youtube.com/@UPSCCSEStudyIQ | Subscribe Now for Exclusive Videos and Amazing Content. Enrol to StudyIQ's Flagship UPSC IAS (Pre + Mains) LIVE Foundation Batch 9. Admissions closing on 10 DEC'22 | Enrol now - https://bit.ly/upscbatch9 A time-tested focused method for clearing Prelims 2023 1. Live Classes 2. Static and Current Affairs Booklets 3. Workbook-based Test Series Join our flagship ‘UPSC IAS Live SIP+ 2023 Batch’ to prepare for prelims 2023 exam. Batch starting on 19th December, 2022 | Timing - 7:00 PM Join Now : https://bit.ly/SIP_Clear_Prelims_2023 Join our Most Requested NCERT LIVE Batch to start your UPSC Journey. Batch Starting on - 05 DEC’22| 07:00 PM Join Now - https://bit.ly/3TPej9r UPSC Civil Services Examination is the most presti...
published: 01 May 2018 -
What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com. STUDENT AND TEACHER MEMBERSHIPS INCLUDE: Over 400+ Video Lessons! Over 1000+ Downloadable Documents! - Study Notes - Vocabulary Lists - Key Terms and Concepts - Review Questions - IB Exam Review Questions "This website saved my IB Diploma! They are informative, funny, entertaining!" - IB Student Member "As a NEW IB Economics teacher, Brad's workshops & resources saved me!" - IB Teacher Member "Brad's IB Teacher Workshops are the best in the market place!" - IB Workshop Attendee 2021 STUDENT MEMBERSHIPS | IB ECONOMICS Class of 2022: https://www.bradcartwright.com/bundles/student-subscription-class-of-2022 Class o...
published: 22 Mar 2016 -
National Income - GDP/GNP/NNP/NDP (HINDI)
Watch also UGC NET - MACROECONOMICS https://www.youtube.com/playlist?list=PLQeaYsjFGUzjvn_z0MV8HAXolu4CBDtlp National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. Gross National Product (GNP), the value of all final goods and services produced by the country’s factors of production and sold on the market in a given time period. GNP, which is the basic measure of a country’s output studied by macroeconomists, is calculated by adding up the market value of all expenditures on final output. GNP therefore includes the value of goods like bread sold in a supermarket and textbooks sold in a bookstore, as well as the value of services provided by stock brokers and plumbers. Because output cannot be produced without the...
published: 06 Aug 2018 -
What is Gross National Product? What is GNP? What is meant by Gross National Product?How to find GNP
#nationalincome#grossnationalproduct#fkeconomics Explanation of Gross National Product.
published: 20 Oct 2020 -
What is Gross Domestic Product (GDP)?
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as ...
published: 18 Nov 2015 -
2. GNP (Gross National Product)
published: 07 Jun 2012
developed with YouTube
1:31
Explaining the Gross National Product
- Order: Reorder
- Duration: 1:31
- Uploaded Date: 04 Oct 2016
- views: 53412
$500 FREE Google Ads Credits!
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7:07
What is GNP? | GNP Explained | Gross National Product | IB Macroeconomics | IB Economics Exam Review
- Order: Reorder
- Duration: 7:07
- Uploaded Date: 02 Feb 2020
- views: 30478
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- published: 02 Feb 2020
- views: 30478
2:26
Comparing GDP and GNP! (Examples included!)
- Order: Reorder
- Duration: 2:26
- Uploaded Date: 06 Mar 2019
- views: 107519
In this video we go over what GDP and GNP are, how they are related, and how they are different. We will also go over different examples for both GDP and GNP.
...
In this video we go over what GDP and GNP are, how they are related, and how they are different. We will also go over different examples for both GDP and GNP.
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#Economics #GDP #GNP
https://wn.com/Comparing_Gdp_And_Gnp_(Examples_Included_)
In this video we go over what GDP and GNP are, how they are related, and how they are different. We will also go over different examples for both GDP and GNP.
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#Economics #GDP #GNP
- published: 06 Mar 2019
- views: 107519
9:25
GDP and the Circular Flow- Macro Topic 2.1
- Order: Reorder
- Duration: 9:25
- Uploaded Date: 11 Sep 2019
- views: 539023
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George W...
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
https://wn.com/Gdp_And_The_Circular_Flow_Macro_Topic_2.1
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
- published: 11 Sep 2019
- views: 539023
21:42
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
- Order: Reorder
- Duration: 21:42
- Uploaded Date: 01 May 2018
- views: 1422615
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https://wn.com/National_Income_Gdp_Gnp_Ndp_Nnp_Explained_Indian_Economy_Part_11_Concepts_Of_Macro_Economics
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- published: 01 May 2018
- views: 1422615
7:04
What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
- Order: Reorder
- Duration: 7:04
- Uploaded Date: 22 Mar 2016
- views: 146027
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND T...
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- published: 22 Mar 2016
- views: 146027
30:12
National Income - GDP/GNP/NNP/NDP (HINDI)
- Order: Reorder
- Duration: 30:12
- Uploaded Date: 06 Aug 2018
- views: 209743
Watch also
UGC NET - MACROECONOMICS
https://www.youtube.com/playlist?list=PLQeaYsjFGUzjvn_z0MV8HAXolu4CBDtlp
National income measures the monetary value of the...
Watch also
UGC NET - MACROECONOMICS
https://www.youtube.com/playlist?list=PLQeaYsjFGUzjvn_z0MV8HAXolu4CBDtlp
National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. Gross National Product (GNP), the value of all final goods and services produced by the country’s factors of production and sold on the market in a given time period. GNP, which is the basic measure of a country’s output studied by macroeconomists, is calculated by adding up the market value of all expenditures on final output. GNP therefore includes the value of goods like bread sold in a supermarket and textbooks sold in a bookstore, as well as the value of services provided by stock brokers and plumbers. Because output cannot be produced without the aid of factor inputs, the expenditures that make up GNP are closely linked to the employment of labor, capital, and other factors of production.
GNP does not take into account the economic loss due to the tendency of machinery and structures to wear out as they are used. This loss, called depreciation, reduces the income of capital owners. To calculate national income over a given period, we must therefore subtract from GNP the depreciation of capital over the period. GNP less depreciation is called net national product (NNP).
GDP is supposed to measure the volume of production within a country’s borders, whereas GNP equals GDP plus net receipts of factor income from the rest of the world. GNP tracks national income more closely than GDP does, and national welfare depends more directly on national income than on domestic product.
GDP, GNP, NNP, & NDP
#YOUCANLEARNECONOMICS
https://wn.com/National_Income_Gdp_Gnp_Nnp_Ndp_(Hindi)
Watch also
UGC NET - MACROECONOMICS
https://www.youtube.com/playlist?list=PLQeaYsjFGUzjvn_z0MV8HAXolu4CBDtlp
National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. Gross National Product (GNP), the value of all final goods and services produced by the country’s factors of production and sold on the market in a given time period. GNP, which is the basic measure of a country’s output studied by macroeconomists, is calculated by adding up the market value of all expenditures on final output. GNP therefore includes the value of goods like bread sold in a supermarket and textbooks sold in a bookstore, as well as the value of services provided by stock brokers and plumbers. Because output cannot be produced without the aid of factor inputs, the expenditures that make up GNP are closely linked to the employment of labor, capital, and other factors of production.
GNP does not take into account the economic loss due to the tendency of machinery and structures to wear out as they are used. This loss, called depreciation, reduces the income of capital owners. To calculate national income over a given period, we must therefore subtract from GNP the depreciation of capital over the period. GNP less depreciation is called net national product (NNP).
GDP is supposed to measure the volume of production within a country’s borders, whereas GNP equals GDP plus net receipts of factor income from the rest of the world. GNP tracks national income more closely than GDP does, and national welfare depends more directly on national income than on domestic product.
GDP, GNP, NNP, & NDP
#YOUCANLEARNECONOMICS
- published: 06 Aug 2018
- views: 209743
6:06
What is Gross National Product? What is GNP? What is meant by Gross National Product?How to find GNP
- Order: Reorder
- Duration: 6:06
- Uploaded Date: 20 Oct 2020
- views: 1051
#nationalincome#grossnationalproduct#fkeconomics
Explanation of Gross National Product.
#nationalincome#grossnationalproduct#fkeconomics
Explanation of Gross National Product.
https://wn.com/What_Is_Gross_National_Product_What_Is_Gnp_What_Is_Meant_By_Gross_National_Product_How_To_Find_Gnp
#nationalincome#grossnationalproduct#fkeconomics
Explanation of Gross National Product.
- published: 20 Oct 2020
- views: 1051
4:36
What is Gross Domestic Product (GDP)?
- Order: Reorder
- Duration: 4:36
- Uploaded Date: 18 Nov 2015
- views: 1631027
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for ea...
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed?
The cashier is computing a very important number: gross domestic product, or GDP.
GDP is the market value of all finished goods and services, produced within a country in a year.
But, what does "market value" mean? And what defines a "finished good"?
These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour.
In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way.
Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?”
Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute.
So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP.
Macroeconomics Course: http://bit.ly/2JjphSP
Interactive practice questions: https://mru.io/xrt
Next video: https://bit.ly/2UHwvoV
Help us caption & translate this video!
http://amara.org/v/HZv3/
00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
https://wn.com/What_Is_Gross_Domestic_Product_(Gdp)
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed?
The cashier is computing a very important number: gross domestic product, or GDP.
GDP is the market value of all finished goods and services, produced within a country in a year.
But, what does "market value" mean? And what defines a "finished good"?
These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour.
In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way.
Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?”
Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute.
So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP.
Macroeconomics Course: http://bit.ly/2JjphSP
Interactive practice questions: https://mru.io/xrt
Next video: https://bit.ly/2UHwvoV
Help us caption & translate this video!
http://amara.org/v/HZv3/
00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
- published: 18 Nov 2015
- views: 1631027
3:26
2. GNP (Gross National Product)
- Order: Reorder
- Duration: 3:26
- Uploaded Date: 07 Jun 2012
- views: 84300
- published: 07 Jun 2012
- views: 84300
1:31
Explaining the Gross National Product
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published: 04 Oct 2016
Explaining the Gross National Product
Explaining the Gross National Product
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- published: 04 Oct 2016
- views: 53412
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7:07
What is GNP? | GNP Explained | Gross National Product | IB Macroeconomics | IB Economics Exam Review
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published: 02 Feb 2020
What is GNP? | GNP Explained | Gross National Product | IB Macroeconomics | IB Economics Exam Review
What is GNP? | GNP Explained | Gross National Product | IB Macroeconomics | IB Economics Exam Review
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- published: 02 Feb 2020
- views: 30478
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2:26
Comparing GDP and GNP! (Examples included!)
In this video we go over what GDP and GNP are, how they are related, and how they are diff...
published: 06 Mar 2019
Comparing GDP and GNP! (Examples included!)
Comparing GDP and GNP! (Examples included!)
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- published: 06 Mar 2019
- views: 107519
In this video we go over what GDP and GNP are, how they are related, and how they are different. We will also go over different examples for both GDP and GNP.
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#Economics #GDP #GNP
9:25
GDP and the Circular Flow- Macro Topic 2.1
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculate...
published: 11 Sep 2019
GDP and the Circular Flow- Macro Topic 2.1
GDP and the Circular Flow- Macro Topic 2.1
- Report rights infringement
- published: 11 Sep 2019
- views: 539023
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
21:42
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
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published: 01 May 2018
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
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- published: 01 May 2018
- views: 1422615
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What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ...
published: 22 Mar 2016
What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
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30:12
National Income - GDP/GNP/NNP/NDP (HINDI)
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published: 06 Aug 2018
National Income - GDP/GNP/NNP/NDP (HINDI)
National Income - GDP/GNP/NNP/NDP (HINDI)
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National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. Gross National Product (GNP), the value of all final goods and services produced by the country’s factors of production and sold on the market in a given time period. GNP, which is the basic measure of a country’s output studied by macroeconomists, is calculated by adding up the market value of all expenditures on final output. GNP therefore includes the value of goods like bread sold in a supermarket and textbooks sold in a bookstore, as well as the value of services provided by stock brokers and plumbers. Because output cannot be produced without the aid of factor inputs, the expenditures that make up GNP are closely linked to the employment of labor, capital, and other factors of production.
GNP does not take into account the economic loss due to the tendency of machinery and structures to wear out as they are used. This loss, called depreciation, reduces the income of capital owners. To calculate national income over a given period, we must therefore subtract from GNP the depreciation of capital over the period. GNP less depreciation is called net national product (NNP).
GDP is supposed to measure the volume of production within a country’s borders, whereas GNP equals GDP plus net receipts of factor income from the rest of the world. GNP tracks national income more closely than GDP does, and national welfare depends more directly on national income than on domestic product.
GDP, GNP, NNP, & NDP
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6:06
What is Gross National Product? What is GNP? What is meant by Gross National Product?How to find GNP
#nationalincome#grossnationalproduct#fkeconomics
Explanation of Gross National Product.
published: 20 Oct 2020
What is Gross National Product? What is GNP? What is meant by Gross National Product?How to find GNP
What is Gross National Product? What is GNP? What is meant by Gross National Product?How to find GNP
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Explanation of Gross National Product.
4:36
What is Gross Domestic Product (GDP)?
Picture the economy as a giant supermarket, with billions of goods and services inside. At...
published: 18 Nov 2015
What is Gross Domestic Product (GDP)?
What is Gross Domestic Product (GDP)?
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Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed?
The cashier is computing a very important number: gross domestic product, or GDP.
GDP is the market value of all finished goods and services, produced within a country in a year.
But, what does "market value" mean? And what defines a "finished good"?
These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour.
In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way.
Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?”
Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute.
So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP.
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00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
3:26
2. GNP (Gross National Product)
published: 07 Jun 2012
2. GNP (Gross National Product)
Gross national product
Gross national product (GNP) is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP allocates production based on location of ownership.
GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents.
GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".
When a country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the United States estimated its GDP at $14.119 trillion, and its GNP at $14.265 trillion.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Gross_national_product
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