What do you think ?
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What is better, higher GDP or GNP? watch
- Thread Starter
- 11-10-2006 19:32
- 11-10-2006 21:09
Brief answer to ur brief question: None!
- 12-10-2006 00:20
I'd say GNP or GNI, as this includes any money British people are making outside of the country, and discludes any of GDP that is made up of foreigners for example them working and taking their income to their home country. We don't want foreigners taking ou rmoney:P
- 13-10-2006 22:44
Depends on what you want to measure!
The value of goods a country produces: GDP. This might be good to relate to physical domestic stuff, such as employment, land usage etc.
To see how much money the country as a whole is earning, GNP. This will show you the ownage of the output/income.
Being a development economist I prefer other scales for measuring economic wellbeing, such as Standard of Living, HDI and a whole bunch of other measurments normal economist rejects as silly and woofly