Gross National Product

Definition

  • The value of all goods and services accruing to Canadians in a given year. It equals Gross Domestic Product, plus income of Canadians from foreign production, less income from Canadian production earned by non-residents (such as interest and dividends paid to foreign lenders).

Synonyms
standard of living

Acronyms
GNP

Related Terms and Acronyms

  • Economic Growth Definition,
    • The rate of change in output from one year to the next.
  • Exports Definition,
    • Products and services produced in Canada and sold in other countries.
  • Foreign Investment Definition,
    • Investing money into a business in another country.
  • Gross Domestic Product (GDP) Acronym,
    • The total value of all the goods and services produced by the Canadian economy in a single year.
  • Inflation Definition,
    • A rise in the average level of prices in the economy.
  • Investment Canada Act (ICA) Acronym, Canada,
    • A Canadian law that gives the government power to deny foreign investments of "significant" size if they fail to provide a "net benefit to Canada."
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