Gross National Product

Pronunciation: /ɡroʊs ˈnæʃənəl ˈprɑdʌkt/

Definitions of gross national product

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

Example Sentences

A1 The gross national product is a measure of a country's economic performance.

A2 The gross national product can be calculated by adding up the value of all goods and services produced in a country.

B1 Economists use the gross national product to analyze the overall health of an economy.

B2 Government policies can impact the growth of the gross national product.

C1 There are debates among economists about the best way to measure and interpret gross national product.

C2 Changes in gross national product can have far-reaching effects on a country's financial markets.

Examples of gross national product in a Sentence

formal The gross national product of the country has been steadily increasing over the past few years.

informal I heard the gross national product is going up, which is a good sign for the economy.

slang The GNP is on the rise, so that's pretty cool.

figurative The gross national product can be seen as the heartbeat of a nation's economy, pumping life into its financial system.

Grammatical Forms of gross national product

• plural: gross national products
• comparative: more gross national product
• superlative: most gross national product
• present tense: is gross national product
• future tense: will be gross national product
• perfect tense: has been gross national product
• continuous tense: is being gross national product
• singular: gross national product
• positive degree: gross national product
• infinitive: to gross national product
• gerund: gross national producting
• participle: gross national producted

Origin and Evolution of gross national product

First Known Use: 1934 year

Language of Origin: English

Story behind the word: The term 'gross national product' was first coined by economist Simon Kuznets in his report to the US Congress in 1934.

Evolution of the word: Originally used to measure the total economic output of a country, the term has evolved to also include factors such as income, consumption, and investment to provide a more comprehensive view of a nation's economic performance.