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GDP vs GNP


economicsengine
(@economicsengine)
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Joined: 2 years ago
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I found this recent article on GDP vs GNP and it mentions that GNP takes in national income receipts from abroad.  Can someone explain that further?

 

https://www.economicshelp.org/blog/3491/economics/difference-between-gnp-gdp-and-gni/


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PDavis
(@pdavis)
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Joined: 2 years ago
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In the US, the factored payments from aborad include things like wages of Americans working abroad, profits earned by US citizen-owned companies abroad, and income generated from foreign assets owned by US citizens. 


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