Gross National Product (GNP)
An estimate of the total money value of all the final goods and servicesproduced in a given one-year period by the factors of production owned by a particular country's residents. ("Final" goods and services means goods and services sold or otherwise provided to their final consumers --that is, to avoid doublecounting, the value of steel sold to GM to make a car is not added separately into the GNP or GDP totals because its value is already included when we add in the final sales price of the car tothe customer.)
