A key example helps. A Japanese-owned automobile factory in the US counts in US GDP but in Japanese GNP.
Terms related to GDP / Gross Domestic Product:
- What's the Difference Between Nominal and Real?
- Will Hurricane Katrina increase GDP?
- Recession? Depression? What's the difference?
- Will the U.S. Go Into Depression in 2009?
- How Do You Measure the Size of the Economy?