State the major difference between GDP and GNP. – InterviewSolution

InterviewSolution

1.	State the major difference between GDP and GNP.
Answer» The major difference between GDP and GNP is that in GDP production done within the boundary of the country is considered irrespective whether it is done by Indians or foreigners in India. However, in GNP production done by citizens done in a country or in a foreign country is considered.

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