Subject: |
|
From: |
|
Date: |
Wed Mar 26 12:54:16 2008 |
In-Reply-To: |
|
Message-ID: |
|
References: |
|
Parts/Attachments: |
|
|
Before clarifying "first use" of GNP and GDP, it must be stated that
one did not "give way" to the other, as they express different things,
and the difference is residence and territory.
GDP is the whole amount of aggregated value within a certain
territory -- let's say the USA -- that is including those factors of
production pertaining to foreign residents (so allowing a certain
amount of payment abroad).
GNP, instead is the whole amount of aggregate value "produced" by
American residents, either in the territory of the USA or abroad, so
permitting the inflow of payments for US factors of production located
abroad.
In the case of the USA, as residents have much more investments
abroad, than foreigners have investments in the USA, normally GNP
should be higher than GDP. Developing countries, instead have GDPs
higher than their respective GNPs.
Someone correct me, if I'm wrong...
Paulo Roberto de Almeida
|
|
|