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GNP:
GNP is an abbreviation for Gross National Product.

Gross national product (GNP) is the market value of the goods and services
produced by labor and property supplied by U.S. residents. Because the
labor and property are supplied by U.S. residents, they may be located either
in the United States or abroad.

The difference between GDP and GNP is net receipts of income from the
rest of the world. These net receipts represent income from the goods and
services produced abroad using labor and property supplied by U.S.
residents less payments to the rest of the world for the goods and services
produced in the United States using labor and property supplied by foreign
residents. The income receipts and payments are measured as
compensation of employees, corporate profits (earnings of both
incorporated and unincorporated affiliates), and interest.
What is GNP (Gross National Product)?
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