Ryan is the operations manager for a national financial company. His company is in the process of creating a customer handbook. Employees all over the country will collaborate on the different documents that will be included in the handbook; frequent additions and revisions will be made. He is looking for a telecommunications technology that can help him efficiently manage this task. In five to ten sentences, describe the points that Ryan needs to consider when choosing a telecommunications technology to meet his needs.

Economists use the gross national product (GNP) to measure the output of a nation’s citizens, regardless of where they are.

Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.

Gross national product calculates by adding these factors below:

Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.

Gross National product

GNP and GDP

GNP vs GDP

Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade