gross national product
Noun: * Gross National Product (GNP): A macroeconomic metric that represents the total monetary or market value of all the finished goods and services produced by a country's residents and businesses in a specific time period, regardless of their geographic location. It includes income earned by citizens and companies from overseas investments, but excludes income earned within the country by foreign residents and businesses.
GNP is used to measure and compare the economic performance and size of a nation's economy over time or against other nations. It is a key indicator in economics and policy-making. * Economists analyzed the country's gross national product to assess its economic growth over the decade. * A rising gross national product often indicates a healthy, expanding economy. * The report compared the gross national product of several neighboring countries.
- GNP per capita: This is calculated by dividing the total GNP by the country's population. It is used as a rough indicator of average living standards or economic well-being.
- Despite a high total GNP, the nation's GNP per capita remained low due to its large population.
- GNP vs. GDP (Gross Domestic Product): While GNP measures output based on ownership (nationality), GDP measures output based on location (geography). GDP is now more commonly used as the primary measure of a country's economy.
- For a country with many citizens working abroad, its GNP might be significantly higher than its GDP.
- GNP: The standard acronym for Gross National Product.
- Net National Product (NNP): GNP minus the depreciation of capital assets (often called capital consumption allowance).
- Gross Domestic Product (GDP): The total value of goods and services produced within a country's borders in a specific time period.
- National output
- Aggregate national income (conceptually related)
While "gross national product" is a fixed economic term, it is important to distinguish it from the more commonly used "gross domestic product (GDP)" in modern economic reporting and analysis. GNP focuses on the production of a nation's residents, while GDP focuses on production within a nation's territory.
-
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)
Khám phá thêm
Các từ liên quan
Từ đồng nghĩa
Từ chứa "gross national product"
