gross national product (GNP)
monetary value of all of a nation's services and goods produced in a given period of time
gross national product
Noun
1. former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr)
(synonym) GNP
(hypernym) value
(hyponym) real gross national product, real GNP
Gross national product (G.N.P.)
Measures and economy's total income. It is equal to
G.D.P. plus the income abroad accruing to domestic residents minus income generated in
domestic market accruing to non-residents.
Gross National Product
the total market value of goods and services produced by a nation in a year.
Gross National Product (GNP)
GDP plus the income accruing to domestic residents as a result of investments abroad, minus the income earned in domestic markets accruing to foreigners abroad.
Free Download Now!
