In this video, I have discussed the difference between GDP and GNP, OR Difference between Gross Domestic Product and Gross National Product, or GDP and GNP | Animation.
Topics I have covered in this video are:
1. Introduction to GDP vs GNP, which is best for economy?
2. What is GDP or Gross Domestic Product?
3. Components of GDP- Consumption, Investment, Government Spending, Net Exports.
4. Formula for GDP.
5. What is GNP or Gross National Product? With gnp example.
6. GNP calculation / Formula of GNP.
7. Key Differences Between GDP and GNP - Location vs. Ownership, Foreign Income, Indicator of Economic Activity.
8. Understand with a practical example of GDP vs GNP.
9. Which is More Useful?
10. Conclusion.
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