national product


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Related to national product: Net National Product

Gross National Product

A measure of the value of what a country's citizens produce in a given year, whether or not the production occurred in that country. To calculate GNP, one takes the GDP and adds to it all earnings made by domestic citizens in a different country. One then subtracts from this quantity all earnings made in the home country by non-citizens. GNP is less commonly used now because it has become a less accurate tool for calculating what a domestic economy produces, as more countries have citizens working abroad.

national product

the total money value of goods and services produced in a country over a given time period (GROSS NATIONAL PRODUCT). Gross national product less CAPITAL CONSUMPTION or depreciation is called NET NATIONAL PRODUCT, which is equal to NATIONAL INCOME. See NATIONAL INCOME ACCOUNTS.
References in periodicals archive ?
The official said the first phase involves obligatory inclusion of national products to coops goods lists and giving them attractive price.
The NetCommand(TM) system is a core component of the new lineup of high-definition televisions that the company debuted at their National Product Line Show.
TALK VISUAL CORPORATION announced today that it has signed a national product and service distribution agreement with VoiceStream, the major United States GSM provider.
Storage Leader Works with National Product Design Firm To Enhance
the company that provides meat-processing and inspection services for ConAgra, does not operate under the standards needed to classify Hebrew National products as kosher, (http://www.
NYSE: CAG) released the following statement on Tuesday, in response to a class action lawsuit that calls into question the kosher status of its Hebrew National products.
The initiative aims to support and market national products in the market as well as to support and ease investors' access to consumers in addition to opening markets to merchants and investors seeking to launch new products.
KUWAIT, March 22 (KUNA) -- The Ministry of Social Affairs and Labor Thursday, called on the Union of Consumer Cooperative Societies (KCCS), to implement decisions made by ministries to support and promote national products in co-op supermarkets.

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