gross domestic product, gross national product


gross domestic product, gross national product
   Gross domestic product is everything produced by a nation during a given period except earnings from overseas. Gross national product is everything produced by a nation during a given period including earnings from overseas. In most contexts, the reader is entitled to an explanation of the difference.

Dictionary of troublesome word. . 2013.

Look at other dictionaries:

  • Gross National Product — Gross Domestic Product plus the income accruing to domestic residents as a result of investments abroad less income earned in domestic markets accruing to foreigners abroad. Chicago Board of Trade glossary * * * gross national product ˌgross… …   Financial and business terms

  • Gross National Happiness — (GNH) is an attempt to define quality of life in more holistic and psychological terms than Gross National Product.The term was coined by Bhutan s King Jigme Singye Wangchuck in 1972 in response to criticism that his economy was growing poorly.… …   Wikipedia

  • gross domestic product —  , gross national product  Gross domestic product is everything produced by a nation during a given period except earnings from overseas. Gross national product is everything produced by a nation during a given period including earnings from… …   Bryson’s dictionary for writers and editors

  • gross domestic product, gross national product —    Gross domestic product is everything produced by a nation during a given period except earnings from overseas. Gross national product is everything produced by a nation during a given period including earnings from overseas. In most contexts,… …   Dictionary of troublesome word

  • Gross National Income — (GNI) comprises the total value produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries. The GNI consists… …   Wikipedia

  • gross domestic product — gross national product excluding payments on foreign investments. Abbr.: GDP * * * ▪ economics       total market value of the goods and services produced by a nation s economy during a specific period of time. It includes all final goods and… …   Universalium

  • gross national product — ► NOUN ▪ the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments …   English terms dictionary

  • gross national product — n. the total value of a nation s annual output of goods and services: it includes the foreign output of domestic firms and excludes the domestic output of foreign firms …   English World dictionary

  • gross national product —   Gross domestic product plus net income from abroad. Net income from abroad is income earned from overseas investment minus the value of income earned by overseas investors in the domestic economy. Needs to be adjusted for inflation or the… …   Geography glossary

  • gross domestic product — gross′ domes′tic prod′uct n. bus gross national product excluding payments on foreign investments. Abbr.: GDP …   From formal English to slang


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