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Gross national product

noun

Definitions

Noun
  1. 1
    The total market value of all the goods and services produced by a nation (citizens of a country, whether living at home or abroad) during a specified period. uncountable, usually

    "Within the two years from 1956 to 1958 the increase of expenditures was 34 per cent in terms of dollar outlays and 28 per cent in terms of the portion of gross national product spent on higher education."

  2. 2
    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) wordnet

See also for "gross national product"

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