...And A New Emphasis On Gross Domestic Product

Besides shifting to a new base, Commerce will soon start stressing gross domestic product (GDP) rather than gnp as a measure of economic activity. The big difference is that GNP includes net factor income-primarily foreign earnings of U.S. companies minus similar earnings of foreign companies in the U.S., plus net interest flows. By contrast, GDP focuses solely on economic activity and income earned in the U.S.

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