gross national product

  Gross domestic product plus net income from abroad. Net income from abroad is income earned from overseas investment minus the value of income earned by overseas investors in the domestic economy. Needs to be adjusted for inflation or the relative purchasing power of money so that countries can be compared. Also often expressed as a per capita figure to take population sizes into account for certain comparisons.

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  • 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 — ( 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 * * * gross national product… …   Financial and business terms

  • 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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