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.
Real gross national product, GNP after inflation, is expected to fall an average of 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.
Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Last Revised on: September 28, 2017 - Next Release Date October 27, 2017 Line 2015 2015 2015 2015 I II III IV 1 Gross domestic product 113.