GNP is the total value of all goods and services produced by a national economy within a given period,regardless of where the factors of production are located.

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GNP includes the goods and services produced by a national economy, regardless of where the factors of production (such as labor and capital) are located. This distinguishes GNP from GDP, which only includes goods and services produced within a country's borders, regardless of the nationality of the factors of production.

GNP Is the Total Value of All Goods and Services