Vocab Bloom Hub

gross national product

/ɡrəʊs ˈnæʃənəl ˈprɒdʌkt/

1 entry

phrase

/ɡrəʊs ˈnæʃənəl ˈprɒdʌkt/C1formalbusiness
  • ruОбщая стоимость всех товаров и услуг, произведенных резидентами и предприятиями страны за определенный период, независимо от их местонахождения.

The total value of all goods and services produced by a country's residents and businesses in a specific period, regardless of where they are located.

  1. Economic indicatorC1formal

    The total value of all goods and services produced by a country's residents and businesses in a specific period, regardless of location.

    ruЭкономический показатель

    • The country's gross national product increased by 3% this year.
    • Economists use GNP to measure the economic performance of a nation.
    • A high gross national product often indicates a strong economy.