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Real Gross National Product

Definition: Real Gross National Product (GNP) refers to the total market value of all goods and services produced by the nationals of a country in a specific time period, adjusted for inflation.

Senses:

1. As a noun: It represents the economic output of a country, considering the production by both domestic residents and citizens abroad.
2. As an economic indicator: Real GNP serves as a measure of the overall economic health and growth of a nation.
3. In macroeconomics: Real GNP is used to analyze and compare the economic performance of different countries.

Sample sentences:

• The real gross national product of the country increased by 3.5% last quarter.
• Experts believe that a rising real GNP indicates a thriving economy.
• The government has implemented several policies to boost the real GNP growth rate.

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