gross national product Synonyms
No Synonyms and anytonyms found
gross national product Meaning
gross national product (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)
gross national product Sentence Examples
- The gross national product (GNP) measures the total value of all final goods and services produced within a country's borders, regardless of ownership.
- GNP is typically used to compare the economic performance of different countries.
- A country's GNP can be used to calculate its per capita income, which reflects the average income of its citizens.
- GNP is an indicator of a country's overall economic health and prosperity.
- The growth rate of GNP is often used to assess the strength of a country's economy.
- Factors that can affect GNP include population growth, technological advancements, and government policies.
- GNP is calculated by adding up the value of all consumption, investment, government spending, and net exports.
- GNP can be affected by both internal and external factors, such as natural disasters or changes in global trade.
- GNP is a useful tool for policymakers to make informed decisions about the economy.
- GNP is a widely used measure of economic growth and development, but it has limitations and should be used in conjunction with other indicators.
FAQs About the word gross national product
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
No synonyms found.
No antonyms found.
The gross national product (GNP) measures the total value of all final goods and services produced within a country's borders, regardless of ownership.
GNP is typically used to compare the economic performance of different countries.
A country's GNP can be used to calculate its per capita income, which reflects the average income of its citizens.
GNP is an indicator of a country's overall economic health and prosperity.
