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Gross national product

Gross national product (GNP), total value of goods and services produced by a national economy before any deduction has been made for depreciation (net national product). The annual growth of the GNP is often taken as an indicator of the state of a country's economy. Real GNP, which is adjusted for inflation, is of greatest significance.

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21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Grand Rapids to Hadron