Meaning of the word "gross national product" in English
What does "gross national product" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
gross national product
US /ˌɡroʊs ˌnæʃ.ən.əl ˈprɑː.dʌkt/
UK /ˌɡroʊs ˌnæʃ.ən.əl ˈprɑː.dʌkt/
Noun
1.
the total value of goods produced and services provided by a country in one year, equal to the gross domestic product plus the net income from foreign investments.
Example:
•
The country's Gross National Product increased by 3% last year.
•
Economists often use Gross National Product as an indicator of economic health.
Synonym:
Learn This Word at Lingoland