gross national product

gross national product
( GNP)
Measures and economy's total income. It is equal to GDP plus the income abroad accruing to domestic residents minus income generated in domestic market accruing to non-residents. Bloomberg Financial Dictionary

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gross national product ˌgross ˌnational ˈproduct abbreviation GNP noun [singular, uncountable]
ECONOMICS the total value of goods and services produced in a country's economy, including income from abroad:

• Three percent of the country's gross national product is devoted to research and development.

inˌflation-adˌjusted ˌgross ˌnational ˈproduct ECONOMICS
gross national product after increases in prices are taken into account:

• Forecasters now look for the inflation-adjusted gross national product to decline by 1.3%.

per ˌcapita ˌgross ˌnational ˈproduct ECONOMICS
the gross national product of a country divided by the number of people living there:

• The oil project could transform the fortunes of this country, which has a per capita gross national product of just $180.

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   ► See GNP.

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gross national product UK US noun [U] ECONOMICS
See also INFLATION-ADJUSTED GROSS NATIONAL PRODUCT(Cf. ↑inflation-adjusted gross national product)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Gross National Product — Gross Domestic Product plus the income accruing to domestic residents as a result of investments abroad less income earned in domestic markets accruing to foreigners abroad. Chicago Board of Trade glossary * * * gross national product ˌgross… …   Financial and business terms

  • gross national product — n: the total value of the goods and services produced by the residents of a nation during a specified period (as a year) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. gross national product …   Law dictionary

  • gross national product — ► NOUN ▪ the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments …   English terms dictionary

  • gross national product — gross national products N VAR A country s gross national product is the total value of all the goods it has produced and the services it has provided in a particular year, including its income from investments in other countries. [BUSINESS] Syn:… …   English dictionary

  • gross national product — gross .national product n [singular] ↑GNP …   Dictionary of contemporary English

  • gross national product — gross ,national product noun uncount the total value of all goods and services produced in a country in a year, including income received from money invested in other countries. It is often simply called GNP …   Usage of the words and phrases in modern English

  • gross national product — (GNP) monetary value of all of a nation s services and goods produced in a given period of time …   English contemporary dictionary

  • gross national product — n. the total value of a nation s annual output of goods and services: it includes the foreign output of domestic firms and excludes the domestic output of foreign firms …   English World dictionary

  • gross national product — the total monetary value of all final goods and services produced in a country during one year. Abbr.: GNP Cf. national income, net national product. [1945 50] * * * ▪ economics       total market value of the final goods and services produced by …   Universalium

  • gross national product — noun 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) (Freq. 1) • Syn: ↑GNP • Hypernyms: ↑value • Hyponyms: ↑real gross national… …   Useful english dictionary

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