Pronounce Gnp as G N P.
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former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr)
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The second quarter GNP growth was higher than predicted.
The third quarter GNP growth was 1% over the preceding quarter.
GNP increased at a seasonally adjusted annual rate of 4.5% in the fourth quarter.
Japan achieved a real GNP growth of 5% last year.
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