Gross National Product (GNP) (Leaving Cert Geography): Flashcards
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What is GNP?
What is GNP?
Total economic output of a country in a year
GNP includes production where
GNP includes production where
Domestically & abroad by citizens
What does GNP indicate?
What does GNP indicate?
Economic development & wealth of a country
High GNP indicates
High GNP indicates
Economic strength & higher standards of living
GNP limitation: income
GNP limitation: income
Doesn't reflect income distribution/inequality
GNP excludes what activities
GNP excludes what activities
Unpaid childcare & subsistence farming
Ireland's high GNP driven by
Ireland's high GNP driven by
MNCs in technology (Google, Apple) & pharmaceuticals
Ireland's EU benefits
Ireland's EU benefits
Access to EU single market & funding (CAP, Regional Dev)
Germany's position in Europe
Germany's position in Europe
Largest economy in Europe
Nigeria's economy relies on
Nigeria's economy relies on
Oil exports
USA's GNP ranking globally
USA's GNP ranking globally
World's largest GNP
What does HDI measure?
What does HDI measure?
Quality of life: income, education, life expectancy
GDP vs GNP difference
GDP vs GNP difference
GDP: within borders; GNP: includes overseas earnings
Global North characteristics
Global North characteristics
High GNP, advanced industries, better living standards
Global South characteristics
Global South characteristics
Lower GNP, underdevelopment, resource exploitation