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 fell at an annual rate of about 2 percent in the fourth quarter, and the gain over the four quarters of the year amounted to only 0.
Growth in Real Gross National Product (GNP) POSTED A sharp and unexpected annual rate increase of 5.5 percent in the first quarter of 1989 following a 2.5 percent fourth quarter gain.
The country's real gross national product -- GDP plus net income from abroad -- dropped 1.5% in the October-December quarter to 480,590.5 billion yen from 488,117.0 billion yen in the preceding term, for an annualized shrinkage of 6.0%.
Economic Projections In general, the Committee members, including the nonvoting Reserve Bank presidents, anticipate that real gross national product will grow moderately in 1989, that prices will rise at a pace similar to, or perhaps slightly above, that of 1988, and that the unemployment rate will remain near its recent level--the lowest in a decade and a half.
The nation's real gross national product -- GDP plus net income from abroad -- fell 0.9% to 488,436.3 billion yen from 492,989.7 billion yen in the preceding quarter, for an annualized contraction of 3.6%.
The nation's real gross national product -- GDP plus net income from abroad -- rose a real 0.3% to 489,398.5 billion yen from 487,883.1 billion yen in the preceding term.