What Are GNP And NNP?

Gross national product (GNP):
It is the gross value of all the final products without deducting the deprecation of fixed capital l it is the total of market value of final goods and services produced in a years. While calculating the keep in mind two things. Firstly, gross national produce is a monetary measure and we have to measure the value of various commodities and services, at the market rate. Secondly, for the accurate estimation of the GNP it is necessary that double counting should be avoided. Various goods services, which are produced during a period of one year, should be counted only once. For this it is necessary that the value of final goods should be included in the national income accounts.

Net National Product (NNP): it is the value of net output in an economy during a period of one year. To calculate the net national product we deduct depreciation from the gross national product Since gross national product is calculated at market price, net national product automatically means, the net value of final goods and services at market price. Net National product is a more useful concept than the gross national product for many purposes.
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GNP is simply an abbreviated term that is used for 'gross national product'. It is the total value of all the goods and the services produced in a country in one year. GNP also includes the income that come from foreign countries.

When we compare GNP with GDP, that is the abbreviated form of 'gross domestic product', we find that the only difference between the two terms is that the income from foreign countries is excluded in GDP.

The use of these two words is becoming more frequent these days as it is economic factor that is determining the power of a nation and not the military might. As these two words are the best representative of a nation's economic health, it is obvious for every body to come across the words.
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The GNP or Gross National Product of a country means the money value of all the final products made by its citizens whether within own country or outside.Only final goods are considered since intermediate goods are used up in the production of the final goods and become a constituent parts of the final goods. Final goods include both consumption goods and capital goods. But the latter undergo wear and tear, i.e. Depreciation,with time or when used in the productive process. Hence, an allowance is made for this "capital consumption"while calculating NNP or Net National Product. Thus, GNP - Depreciation = NNP.
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For one GDP (Gross Domestic Product)The measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)The second one is GPN is (Gross National Product)Former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr)For the last one NNP is(Net National Product)is the total market value of all final goods and services produced by citizens of an economy during a given period of time (Gross National Product or GNP) minus depreciation. Net National Product can be similarly applied at a country's domestic output level.
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Gross national product
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GNP: Former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr). NNP:is not a word.
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Gdp-Gross Domestic Product,is one the indicators use to gauge.#2.GNP-Gross National Product.Is the total value added from domestic and foreign sources claimed by residents of a country.#3.Nnp-Networking Project,Provides opportunities for information sharing and research collaboration among NIDA's networks across the country.The NNP gives researchers and clinicians access to networks'locations,people,expertise,and resources to help synergize efforts,improve efficiency,and accelerate scientific discovery.
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Actually, NNP:    Net national product is GNP less the depreciation of the nationâ€™s capital stock.
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