Real GNP

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Real GNP

Gross national product after accounting for inflation. Comparing real GNP from year to year shows the amount an economy has grown or shrunk and how this actually affects the economy by determining how the buying power of money has been affected. Nominal GNP, on the other hand, does not account for inflation. For example, if the nominal GNP has grown 10% and the inflation rate is 3%, the real GNP growth is 7%. The real GNP measure is rarely used since the gross domestic product has become widely accepted.
References in periodicals archive ?
Real gross national product rose about 2 3/4 percent over the course of the year, the number of jobs increased more than 3 1/2 million, and the unemployment rate remained on a downward course, closing the year at 5.
The nation's real gross national product -- GDP plus net income from abroad -- fell 0.
Meanwhile, Japan's real gross national product -- GDP plus net income from abroad -- slid 0.
Meanwhile, the country's real gross national product -- GDP plus net income from abroad -- shrank 1.