There are two ways to calculate a nation's gross domestic product (GDP): by adding up all of the money spent or all of the ...

There’s actually a separate measurement designed to calculate the production of all the citizens of a particular nation, called gross national product, or GNP. For example, if an American produced, ...

While gross domestic product (GDP) is among the most popular of economic indicators, gross national income (GNI) is quite possibly a better metric for the overall economic condition of a country ...

The difference is that, when calculating the total value, GNI uses the income approach whereas GNP uses the production approach to calculate GDP. Both GNP and GNI should theoretically yield the ...