Gross National Product GNP
Gross National Product GNP Glossary Definition
Gross National Product. The total value of the goods and services produced in a nation during a specific time period, as well as the total expenditures by consumers and government, plus gross private investment. In the US, the federal Bureau of Economic Analysis (BEA) estimates the US GNP in both current dollars and constant (inflation-adjusted) dollars on a quarterly basis.
To prepare its GNP estimates, the BEA uses a complex set of data sources and accounting techniques, known as the National Income and Product Accounts (NIPA) methodology. Collectively the NIPA is a system of accounts that not only describe the relationship between income and product in the US but also trace the principal economic flows among the major sectors and industries of the US economy.
Related to Gross National Product GNP:
- Geographical Hedge Fund Guides
- Hedge Fund Employment Guide
- Financial Certification
- Investment Book
- Hedge Fund Terms and Definitions
Tags: Gross National Product GNP, Gross National Product GNP Definition, What is Gross National Product GNP?, GNP, Gross National Product
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.