ABSTRACT
Gross national product (GNP) is perhaps the world's best known and widely used economic indicator; it is also the most overrated. The most frequently employed measure of the production and total wealth and resources of a country is the gross national product. The GNP is the measure of gross national product. The GNP is the measure of total domestic and foreign output claimed by residents of a country. The inadequacies of GNP as an economic indicator are pointed out in the introduction to GNP ranking. It has been humorously suggested that what is wrong has been humorously suggested. Estimates of national income have been under fire for a number of years because they conceal rather than reveal income disparities among sectors, especially between the poorest and the richest. Poverty is relative and therefore defies definition everyone knows it when he sees it, as US Justice Byron White said of another social evil.
