HKSI LE Paper 7 Practice Questions - HKSI Licensing Examination Paper 7 - Financial Markets Exam

GDP measures the total economic output within a country's borders, whereas GNP measures the output produced by a country's residents globally. GDP measures only services, whereas GNP measures both goods and services. GDP includes the value of intermediate goods, whereas GNP excludes them to avoid double counting. GDP is adjusted for inflation, whereas GNP is always measured in nominal terms.