Which one is the better measure of income gdp or gnp and why?

1.	Which one is the better measure of income gdp or gnp and why?
Answer» Answer: GDP is better than GNP for measuring the SIZE of the economy, while GNP per CAPITA is better than GDP per capita for measuring the standard of living of the AVERAGE person with a COUNTRY.

Answer»

Answer:

GDP is better than GNP for measuring the SIZE of the economy, while GNP per CAPITA is better than GDP per capita for measuring the standard of living of the AVERAGE person with a COUNTRY.

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Which one is the better measure of income gdp or gnp and why?

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