Gross Domestic Product (GDP) is the market value of all formally recognized final goods and services produced just a country in a specific period. Here also discuss on Gross National Product (GNP). GNP is one way of measuring the economic condition of the country, under the assumption which a higher GNP leads to your higher quality of located. Finally this Lecture focus on differentiate GDP and GNP. GDP defines its scope in line with location and GNP defines its scope in line with ownership.