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What is the importance of GNP?

Updated: 4/28/2022
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9y ago

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At one time the GNP or Gross National Product was the primary method to measure the size of a nations economy. Broken down to plain speaking terms the GNP was the dollar value and or amount of all goods and services an economy produced in the course of 12 months. Currently the GDP or gross domestic product per capita is more often used, but the question is answered for GNP.

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9y ago
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