gross national product definition

  • noun:
    • The total marketplace worth of most of the goods and services created by a nation during a specified period.
    • The total marketplace worth of all of the goods and services made by a nation (people of a country, whether residing in the home or abroad) during a specified duration
    • previous measure of america economic climate; the sum total marketplace value of goods and services generated by all people and money during a given period (usually 1 yr)

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