Noun
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)
Source: WordNetAccording to Peter Gray in his book The Irish Famine, the government spent £7 million for relief in Ireland between 1845 and 1850, "representing less than half of one percent of the British gross national product over five years. Source: Internet
According to a statement released by the Nevis Ministry of Finance in 2005, Nevis had one of the highest growth rates in gross national product and per capita income in the Caribbean at that point. Source: Internet
He incurred the wrath of the International Monetary Fund and the financial community by unilaterally declaring a limit on debt repayment equal to 10% of the gross national product, thereby isolating Peru from the international financial markets. Source: Internet
But above all, try something." citation Economic policies seeAlso Government spending increased from 8.0% of gross national product (GNP) under Hoover in 1932 to 10.2% of the GNP in 1936. Source: Internet
In seeking to measure everything, econometricians gave us the dubious gift of gross national product and gross domestic product, the latter being in fashion today and the former in times past. Source: Internet
By 1980, Jamaica's gross national product had declined to some 25% below the 1972 level. Source: Internet