Economics Real Vs Nominal Gdp Questions
The difference between GDP and GNP per capita growth rate is that GDP per capita measures the economic output of a country within its borders, regardless of the nationality of the individuals producing it, while GNP per capita measures the economic output of a country's residents, regardless of where they are located. GDP per capita growth rate focuses on the growth of economic output within a country, while GNP per capita growth rate focuses on the growth of economic output by a country's residents, regardless of their location.