Gross Domestic Product, or GDP for short, measures the ...
Until the 1990s the Commerce Department computed Gross National Product (GNP) instead of Gross Domestic Product. The differences between the two are slight and involve how to count earnings of assets owned by foreigners. Gross National Product counts the earnings in the homeland of the owner of the asset while Gross Domestic Product counts them in country in which the assets are located. For ... ................
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