Likewise discuss the concept of Gross National Income and any variations associated with it. Discuss which countries are ranked #1 to #5 in the world on the basis of GDP per Capita, Total GDP and then again with PPP and include a rank of GNP #1 to #5. Explain how GNP is compiled and how accurate it is. Compare both GNP and GDP based on the information found. Give similarities and differences, why one is preferred over the other for the United States. Also why did we switch from GNP to GDP to measure economic growth in the United States. 5 major references (e.g. peer reviewed journal articles, books, but no more than two internet sites.Periodicals and articles available online and in databases are not considered internet sites.)
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