gross national product

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gross national product

(GNP), in economics, a quantitative measure of a nation's total economic activity, generally assessed yearly or quarterly. In estimating the GNP, only the final value of a product is counted (e.g., automobiles, but not the steel that they contain). The three major components of GNP are consumer purchases, private investment (including overseas investment but excluding foreign investment in a nation's economy), and government spending. The GNP is reported quarterly in the United States and was used as a barometer of the nation's economic health from the 1930s, but in 1991 the government switched to emphasizing the gross domestic product (GDP), which is similar but covers only goods and services produced inside a nation's borders. The GDP, which also is reported quarterly, is regarded as a better indicator of the performance of a country's economy and is used as such by most industrialized nations. The U.S. government continues to report the GNP, but about a month after the GDP. Despite the fact that GNP and GDP do not measure the service and government sectors as well as they do manufacturing, and also do not allow for inflation, overall value of production, and other factors, such as the value of the underground economy, they are nevertheless significant measurements of economic health. In the United States, the economy has been considered to be in recession if there are two consecutive quarters of decrease in GNP or GDP. In 1995 the International Bank for Reconstruction and DevelopmentInternational Bank for Reconstruction and Development (IBRD)
(IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated development institutions (also including the International Center for Settlement of
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 (World Bank) created a new system for measuring national wealth, based on the value of natural and mineral resources.


See L. C. Thurow and R. L. Heilbroner, Economics Explained (1987); J. Craven, Introduction to Economics (1984); D. Coyle, G.D.P.: A Brief but Affectionate History (2014).

gross national product (GNP)

(ECONOMICS) the total money value of the final goods and services produced in an economy in any year, including income from overseas property

Gross National Product


an economic index used in bourgeois statistics of some capitalist countries, as well as international economic and statistical organizations; it represents the total value of final goods and services, expressed in market prices. As a rule, gross national product is computed by use (and not by production and distribution) and encompasses the value of the public’s consumption of goods and services, government purchases, capital investments, and the net balance of payments. Evaluation in market prices means that the gross national product incorporates indirect taxes included in the price and excludes state subsidies. The gross national product differs considerably in amount and structure from the gross social product of socialist countries. For example, the gross national product does not include material outlays (raw and other materials, fuel, and so forth) but at the same time does include the sum of nonproduction services. The gross national product is close in size to national income as computed according to the concept of bourgeois statisticians: it exceeds national income by the amount of depreciation of fixed capital and indirect taxes. That is why a comparison of the dynamics and structure of the economies of capitalist countries with the dynamics and structure of socialist countries requires considerable recalculation. In order for gross national product to be comparable with the national income of socialist countries, depreciation and nonproduction services are excluded from gross national product, which usually lowers its amount by about 30 percent.


gross national product

the total value of all final goods and services produced annually by a nation
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Such statements include statements regarding the financial security of VoiceStream's national presence, the public acceptance of VoiceStream as a premier GSM provider, the profit potential from VoiceStream products, the Company's ability to launch an aggressive sales campaign, the success of that sales campaign in reaching a gross sales level of 5 units daily from the Company's twenty locations, the ability of the Company to continue its national product and service distribution agreement with VoiceStream and any other related party, other retail operations factors which might influence the sale of VoiceStream products, including local and national competition with the Company's retail store offerings, and the Company's ability to roll-out VoiceStream services in Canada.
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It added the resolutions regards the revitalization and promotion of national products, as well as provide an exemption of products from all the requirements that supermarket restricts in other products.
The ministry called on co-ops to remove all obstacles of distribution and promotion of national products, as well as displaying it in appropriate matter, co-ops are obligated to pay distributors within 15 days for quick consumed items and within 45 days for the rest of the products, it noted.
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