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gross national product

DEFINITIONS OF: gross national product

1

n 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)

Synonyms:
GNP
Types:
real GNP, real gross national product
a version of the GNP that has been adjusted for the effects of inflation
Type of:
value
the quality (positive or negative) that renders something desirable or valuable
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