DACCO

PIB

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

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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.

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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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  • Created:
    Updated:
    Resolved: