The 10 Richest Countries In The World(GDP)

[don03]

one thing everyone must understand is it aint GDP anymore, it is moving towards a GNP where the businesses are diversified & the production is done in many countries under the same brand name (toyota, sony, nokia... etc) so the production of a partner country is responsible a portion of the GNP of the mother country. that is how Nokia owns abt 40% of the GNP of Finland.

It is highly questionable whether we still can deal with these things on the traditional economies of scale as majority of the markets/economies are fucked up & economists all over the world are unable to find the proper solution ( yeah u can argue with all ur theories, reduce the deficit.. increase exports.. balance BOP.. etc etc.. but y the those solutions doesn't have a considerable impact on a nation/market is something to think abt)

 

[SANI99]

Gross National Product. GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. Basically, GNP measures the value of goods and services that the country's citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.

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[SANI99]

GDP vs. GNP
While the GDP is limited by geographic borders, the GNP is bounded by ownership. The income, for example, of a Filipino citizen working as an OFW in Saudi Arabia would NOT be counted in the Philippines’ GDP but will be included in the country’s GNP. Similarly, that OFW’s income would be counted as part of Saudi Arabia’s GDP but not part of GNP since the OFW is not a Saudi citizen.
An easy memory device to differentiate the two was taught to us by our high school Economics teacher. Consider GDP as Gawa Dito sa Pinas, meaning the economic output counted is limited to the Philippine boundaries regardless of ownership. GNP, on the other hand, can be remembered as Gawa Ng Pinoy, which refers to all output produced by Filipino citizens or Filipino enterprises wherever they may be.

 

[dgvirajm]

hmm good post machn!

+rep

but i still cant beleive its qatar .. but gotta admit

 

[Strawberry in Sri Lanka]

hmm good post machn!

+rep

but i still cant beleive its qatar .. but gotta admit

oil bung oil. thama nahane oil walata 100% efficient alternative ekak hoya gena. mung dakka okun Sri Lankan airlines walatath USD millions ganak lagadi loan kara kiyala

ape rateth mokadda ohoma hut#ak thiyenawa kiyanwa, habai api marena kal oya magula use karanne naha. eeta kalin use karath, kelinma India walata lump sum ekakata wikunala dai, parana loan ekak set off karanna

 

[malinzu]

gd one!!!