Gross National Product (Gnp) definition




Meaning of gross national product (gnp)


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Glossary of social sciences terms


Gross National Product (Gnp) meaning and definition :


Gross National Product (GNP). The total value of all goods and services produced by nationals of a particular country in any given year. In America, for example, this measure did not include the value of the production of Japanese firms within the U.S. but did include the value of goods and services produced by U.S. firms on Japanese soil, GDP is now the preferred measure of the wealth of nations, though GNP is often used in historical comparison.


For the term gross national product (gnp) may also exist other definitions and meanings, the meaning and definition indicated above are only indicative not be used for medical and legal or special purposes.



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Author : Frank W. Elwell


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Meaning and definition of gross national product (gnp)
Gross National Product (Gnp) explanation