Difference between revisions of "Definition: Gross National Product" - New World Encyclopedia
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{{Template:Definition:abbreviated|GNP}} | {{Template:Definition:abbreviated|GNP}} | ||
| + | ==Noun== | ||
| + | '''gross national product''' (usually uncountable, plural '''gross national products''') | ||
| + | # ([[economics]]) The [[total]] [[market]] [[value]] of all the [[goods]] and [[service]]s produced by a [[nation]] during a specified [[period]] | ||
| − | + | ===Usage terms=== | |
| + | In international statistics the less ambiguous term [[gross national income]] ('''GNI''') has gradually replaced '''gross national product (GNP)'''. | ||
{{Wictionary_credits|gross_national_product|5526235}} | {{Wictionary_credits|gross_national_product|5526235}} | ||
Revision as of 14:11, 6 July 2023
(abbreviated GNP)
Noun
gross national product (usually uncountable, plural gross national products)
- (economics) The total market value of all the goods and services produced by a nation during a specified period
Usage terms
In international statistics the less ambiguous term gross national income (GNI) has gradually replaced gross national product (GNP).
Credits
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