Vocab Bloom Hub

real gross national product

/riːl ɡrəʊs ˈnæʃənəl ˈprɒdʌkt/

1 entry

phrase

/riːl ɡrəʊs ˈnæʃənəl ˈprɒdʌkt/C1formalbusiness
  • ruЭкономический показатель, который корректирует номинальный валовой национальный продукт с учётом инфляции, отражая реальную стоимость товаров и услуг, произведённых резидентами страны, и часто используемый для измерения реального экономического роста.

An economic metric that adjusts the nominal Gross National Product for inflation, reflecting the true value of goods and services produced by a country's residents, often used to measure real economic growth.

  1. Inflation-adjusted economic outputC1formal

    The total value of all goods and services produced by a country's residents in a given period, adjusted for inflation to reflect true economic growth.

    ruРеальный валовой национальный продукт

    • Economists use real gross national product to compare economic performance over time.
    • The real gross national product increased by 2% last quarter after adjusting for inflation.
    • A decline in real gross national product often signals a recession.