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Definitions from WordNet

Definitions from the Web

Description:

Real GNP, short for Real Gross National Product, is an economic measure that calculates the value of all goods and services produced by a country's residents, taking into account inflation and price changes. It provides a more accurate representation of a nation's economic performance compared to GNP, which does not consider inflation.

Sample Sentences:

1. The real GNP of the country experienced steady growth over the past decade.
2. Inflation had a significant impact on the real GNP, causing a decline in purchasing power.
3. The government focuses on increasing real GNP by implementing strategies to curb inflation.
4. Economists analyze the real GNP figures to determine the overall health of the economy.
5. Understanding the real GNP helps policymakers to make informed decisions regarding economic development.

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