Gross domestic product and Gross national product

Gross domestic product noun - 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).

Gross national product and gross domestic product are semantically related. In some cases you can use "Gross national product" instead a noun phrase "Gross domestic product".

Gross national product noun - 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).

Gross domestic product and gross national product are semantically related. You can use "Gross domestic product" instead a noun phrase "Gross national product".