GDP vs GNP

The difference between GNP and GDP is a matter of who and where:

GNP = goods and services produced by corporations in the U.S. plus goods and services produced by U.S. corporations in other countries

GDP = goods and services produced by U.S. corporations in the U.S. plus goods and services produced by foreign corporations in the U.S.

Total Advertisingment Cost
Thank you for the response. that was a great reply .



what does this "excluding direct mail" means here ?

How does "direct mail" is a part of advertisement cost ?

does direct mail means postal mail ? email ?

this is bit confusing.

can anybody tell me a bit information on this

Re: Total Advertisingment Cost
Yep. Just what it sounds like. Many, many companies spend billions more on direct mail advertising. All the junk mail advertisements you get in your physical mailbox constitute direct mail. Your number looks low, because direct mail alone is measured in the hundreds of billions.

Er... no, expenses on direct mail advertising is not a double-digit component of our economy. Sure, there's a lot of junk mail, but not THAT much.

Nor would it be with a 13 trillion dollar economy... but it looks like you're right. 50 billion dollars worth of mail created 600 billion in gross sales in the U.S. in 2005. My bad.

revenue and turnover
Thanks for the response.

this was a good information.


could you please tell , what does it mean by "Turnover" in industry ?

i have a formula

Turnover=price x volume


but is not it called also revenue ?


does revenue and turnover are same thing ? or they are different ?

Typically, "turnover" is used to describe employees starting and ending their careers at a particular job. What country are you from?

umm..i guess , you are wrong .

i have seen in newspaper news like this ..

Total turnover for company X is Y bn US$ .....something like this .


so, revenue and turnover are same or different ?

You'd have to quote an exact sentence for a definitive answer. Exchange Markets are sometimes measured in "Daily Turnover" meaning X billion dollars were exchanged per day average...

There's two kinds of turnover - inventory turnover and job turnover.

Job turnover is a measure of how many new employees a company goes through a year. 5% turnover would mean that every year, 5% of the employees leave the company (quit, fired, laid off, whatever) and new people are hired for those positions. High turnover is bad, because then you don't have many experienced people. But it's also industry-specific; McDonald's is going to have huge turnover compared to, say, Boeing.

Inventory turnover is similar, but instead of measuring jobs, you're measuring inventory. Specifically, inventory turnover measures how long it takes for things to move from "produced" to "sold". Low inventory turnover means you have trouble moving your products to market (or, possibly, that you have a large inventory built up, relative to your sales.) High inventory turnover means it's flying out of your warehouses as soon as it gets there. It's mostly important in situations where a manufacturer continues making a poor-selling product, especially in big-ticket items like cars; having poor inventory turnover of a car means that eventually you'll need to shut down that assembly line (or plant!) until you unload the inventory you've already produced.