Definition of GDP: The total market value of all the goods and services produced within the borders of a nation during a specified period.
The basic formula for calculating the GDP is:
Y = C + I + E + G
where
Y = GDP
C = Consumer Spending
I = Investment made by industry
E = Excess of Exports over Imports
G = Government Spending
This formula is almost self-evident (if you take time to think about it)!
Definition of GNP: GNP is the value of what's produced by a country's residents, no matter where they live.
The Basic Difference between GDP and GNP is? To explain further: GDP (gross domestic product) is, as we Say "the total market value of goods and services produced within the borders of a country,” regardless of the nationality of those who produce them. GNP (gross national product) is the total market value of goods and services produced by the residents of a country, even if they’re living abroad. So if a Bangladesh resident earns money from an investment overseas, that value would be included in GNP (but not GDP).
• NOTE: The Gross Domestic Product (GDP) of Bangladesh is $275.7 billion (2004 est.) Per Capita GDP: $2,000 (2004 est.) GDP Growth Rate: 4.90% (2004 est.) According to world Bank (2007) the GNI per capita: US $470. The figure shows that this country is possesing a lower economic value. The country might face a very big problem in near future if they donot take necessary steps overcoming this problem.
The Name of Eleven Sector Commanders are given bellow:
Sector Number Commanders Name
1 Major Ziaur Rahman
Major Rafiqul Islam
2 Major K M Khaled Mosharrof
Major ATM Haidar
3 Major K M Safiullah
Major ...