Details

    • Type: Improvement Improvement
    • Status: Closed Closed
    • Priority: Minor Minor
    • Resolution: Fixed
    • Component/s: New Entries
    • Labels:
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    • Number of attachments :
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      Description

      acronym (Producte Interior Brut)
      GDP (Gross Domestic Product)

        Activity

        Hide
        Gill Martin added a comment -

        Lou wrote:

        In the US, GNP (Gross National Product).

        A pedant writes:

        GNP and GDP are not exactly the same thing.

        To take the case of the US as an example, GNP measures the production of all Americans/American companies, wherever they may be. So if IBM has a wholly-owned factory in Taiwan, its production is part of US GNP.

        GDP measures production within the US.

        PIB = GDP.
        GNP is PNB - producte nacional brut.

        Show
        Gill Martin added a comment - Lou wrote: In the US, GNP (Gross National Product). A pedant writes: GNP and GDP are not exactly the same thing. To take the case of the US as an example, GNP measures the production of all Americans/American companies, wherever they may be. So if IBM has a wholly-owned factory in Taiwan, its production is part of US GNP. GDP measures production within the US. PIB = GDP. GNP is PNB - producte nacional brut.

          People

          • Assignee:
            Linda Oxnard
            Reporter:
            Linda Oxnard
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            Dates

            • Created:
              Updated:
              Resolved: