GDP

Gross Domestic Product

Aggregate measure of production equal to the
sum of the gross values added of all resident,
institutional units engaged in production (plus
any taxes, and minus any subsidies on
products not included in the value of their
outputs).

GDP
USE:
Economy
Employment
Wages
Stock prices

GNP
Gross National Product
Market value of all the products and services
produced in one year by labor and property
supplied by the citizens of a country
Allocates production based on location of
ownership

GNP
GDP plus any income earned by residents
from overseas investments minus income
earned within the domestic economy by
overseas residents
Primary measure of total economic activity
until 1991 in USA

NNP
Net National Product
The
total
market
value
of
all
final goods and services produced by
the factors of production of a country or other
polity during a given time period,
minus depreciation

NNP
NNP (Net National Product)= GNP-Depreciation
NDP (Net Domestic Product)= GDP-Depreciation
USE:

Dynamic Welfare Indicator

Reconciling Forward And Backward Views On Capital
Interest On Accumulated Capital
Models Accounting