GDP is the output of goods and services produced by labor and property located in the United States, while GNP is the output of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.
When goods and services are produced by labor and property within the US, that is known as GNP.
mnli hypothesis: When goods and services are produced by labor and property within the US, that is known as GNP. premise: GDP is the output of goods and services produced by labor and property located in the United States, while GNP is the output of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.