Share This Article:

Economic Definition of gross national product. Defined.

Offline Version: PDF

Term gross national product Definition: The total market value of all goods and services produced by the citizens of an economy during a given period of time, usually one year. Gross national product, often abbreviated simply as GNP, was once the federal government's official measure of how much output our economy produces. In the early 1990s, however, it was replaced by gross domestic product (GDP).


« welfare gross domestic product | gross private domestic investment »


Alphabetical Reference to Over 2,000 Economic Terms