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Definition English:
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The market value of all the products and services produced in one year by labour and property supplied by the residents of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP allocates production based on location of ownership. It is also an economic statistic that includes GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents. (From Daly, Herman E. (1996), Beyond Growth. Beacon Press) |