GDP vs. GNP

The exam might want to split hairs with you on the difference between GDP and GNP (Gross National Product). Gross National Product for the U.S. would count the production of U.S. workers stationed here as well as working overseas for American companies. Gross Domestic Product counts what is produced domestically, by both U.S. workers and foreigners working here in the United States (even for foreign-owned companies like Toyota and Mitsubishi). So, GNP tells us how much American workers are producing, wherever they’re stationed, while GDP tells us what is produced here in America, whoever is doing that work. Get Solid Series 65 Sample Questions