The total market value of all the goods and services produced by a nation (citizens of a country, whether living at home or abroad) during a specified period
A country's gross national product is the total value of all the goods it has produced and the services it has provided in a particular year, including its income from investments in other countries. = GNP. The total market value of all the goods and services produced by a nation during a specified period. GNP
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)