Gnp meaning in English
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Definition
GNP ("gross national product"): the amount of money a country's economy produces per year
Exercise 1
"GDP" is short for .
"GNP" is short for .
"" refers to the total market value of goods and services produced within the borders of a nation.
"" refers to the total market value of goods and services produced by the citizens of a nation, including those living abroad.
"GNP" is short for .
"" refers to the total market value of goods and services produced within the borders of a nation.
"" refers to the total market value of goods and services produced by the citizens of a nation, including those living abroad.
"GDP" is short for gross 1 domestic 2 product 3.
"GNP" is short for gross 4 national 5 product 6.
"GDP 7" refers to the total market value of goods and services produced within the borders of a nation.
"GNP 8" refers to the total market value of goods and services produced by the citizens of a nation, including those living abroad.
"GNP" is short for gross 4 national 5 product 6.
"GDP 7" refers to the total market value of goods and services produced within the borders of a nation.
"GNP 8" refers to the total market value of goods and services produced by the citizens of a nation, including those living abroad.
1 gross: This is the correct answer. The "G" in GDP stands for "Gross": gross domestic product. "Gross" describes the total product, before any deductions are made. Philip says that he is talking about the gross domestic product of Mongolia, Greenland and Fiji.
1 government: This is incorrect. The "G" in GDP does not stand for "government".
1 great: This is incorrect. The "G" in GDP does not stand for "great".
1 grand: This is incorrect. The "G" in GDP does not stand for "grand".
2 domestic: This is the correct answer. The "D" in GDP stands for "domestic": gross domestic product. Philip says that he is talking about the gross domestic product of Mongolia, Greenland and Fiji. "Domestic" means the boundary is geographical: all goods and services produced within the country's borders are counted.
2 deficit: This is incorrect. The "D" in GDP does not stand for "deficit". In business, a "deficit" is a loss or an an excess of liabilities over assets.
2 debt: This is incorrect. The "D" in GDP does not stand for "debt". A "debt" (pronounced "dett") is something (usually money) owed to someone. Example: I lost a lot of money in poker, and now I am in debt.
2 data: This is incorrect. The "D" in GDP does not stand for "data".
3 product: This is the correct answer. The "P" in GDP stands for "product": gross domestic product. Philip says that he is talking about the gross domestic product of Mongolia, Greenland and Fiji.
3 price: This is incorrect. The "P" in GDP does not stand for "price".
3 policy: This is incorrect. The "P" in GDP does not stand for "policy".
3 profit: This is incorrect. The "P" in GDP does not stand for "profit".
4 gross: This is the correct answer. The "G" in GNP stands for "gross": gross national product. "Gross" describes the total product, before any deductions are made.
4 government: This is incorrect. The "G" in GNP does not stand for "government".
4 great: This is incorrect. The "G" in GNP does not stand for "great".
4 grand: This is incorrect. The "G" in GNP does not stand for "grand".
5 national: This is the correct answer. The "N" in GNP stands for "national": gross national product. "National" means the boundary is defined by nationality. We count all goods and services produced by the nationals of the country (or businesses owned by them) regardless of where that production takes place.
5 negative: This is incorrect. The "N" in GNP does not stand for "negative".
5 natural: This is incorrect. The "N" in GNP does not stand for "natural".
5 net: This is incorrect. The "N" in GNP does not stand for "negative". In business terms, a "net (amount)" is what remains after all deductions have been made. Example: My net salary is the money I receive after deductions such as income tax.
6 product: This is the correct answer. The "P" in GNP stands for "product": gross national product.
6 price: This is incorrect. The "P" in GNP does not stand for "price".
6 policy: This is incorrect. The "P" in GNP does not stand for "policy".
6 profit: This is incorrect. The "P" in GNP does not stand for "profit".
7 GDP: This is correct. The GDP (gross domestic product) is used to measure the strength of a country's local economy. It is the market value of all goods and services made within the borders of a country, usually in a year. Example: The output of a Japanese-owned car factory in Britain counts as part of the domestic figures for Britain, but the National figures of Japan.
7 GNP: This is incorrect.
8 GNP: This is correct. The GNP (gross national product) is also an economic indicator that measures a country's economic output. It differs from the GDP in that it defines the total value of goods and services produced by all nationals of a country (whether within or outside the country). It is often applied to see how the nationals of a country are doing economically.
8 GDP: This is incorrect.
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