Gross National Product

C1 8+
  • Frequency of Use
    70 %
  • Retention Rate
    80 %
  • Complexity
    90 %
  • Gross National Product Meanings

    noun a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period

    Fields related to gross national product

    Finance

    Gross national product is used in financial analysis to assess the overall health and growth potential of a country's economy.

    Economics

    Gross national product is a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period within a country's borders.

    International Trade

    Gross national product is a key indicator in determining a country's competitiveness in the global market and its ability to engage in international trade.

    Government Policy

    Gross national product is often used by governments to make decisions on fiscal policy, such as taxation and spending, based on the country's economic output.

    Development Economics

    Gross national product is used to measure the economic development and progress of a country over time, helping to identify areas for improvement and growth.

    Occupation Usage of gross national product

    Writer

    Writers may use gross national product data to analyze economic trends and incorporate them into their writing, such as articles, reports, or books on economic issues.

    Psychologist

    Psychologists may use gross national product data to study its impact on mental health and well-being, as economic conditions can influence stress levels, anxiety, and overall psychological health of individuals.

    Economist

    Economists heavily rely on gross national product data to analyze the overall health of an economy, track economic growth or contraction, and make forecasts or recommendations for policy-making.

    Policy Analyst

    Policy analysts use gross national product data to assess the effectiveness of government policies, determine areas of improvement, and make informed recommendations to policymakers based on economic performance indicators.

    Financial Analyst

    Financial analysts utilize gross national product data to evaluate investment opportunities, assess market conditions, and make financial projections based on the economic outlook provided by GNP figures.

    Consolidated Statistics about gross national product

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