Answer:
GDP (Gross Domestic Product) is the sum total of local production within the UNited States. It is an indicator of whether the economy is growing or shrinking. Measures indices like: consumption, government spending, and net exports. It's usually higher than the GNP.
Gross National Product (GNP) is a measure of total production both locally and abroad.
When GNP is higher than GDP it indicates citizens abroad are contributing more to the economy. For example when the country has financial crisis, and when a countrie's entrepreneurs have large oversea operations.
Explanation:
