Real Gnp (Noun)
Meaning
A version of the GNP that has been adjusted for the effects of inflation.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The country's real GNP has been steadily increasing over the past decade, indicating a strong and stable economy.
- The economist used the real GNP to compare the economic performance of different countries, as it provides a more accurate picture than nominal GNP.
- The government's decision to adjust the GNP for inflation resulted in a lower real GNP than initially reported, sparking concerns about the country's economic growth.
- The real GNP per capita is often used as an indicator of a country's standard of living, as it takes into account the effects of inflation on purchasing power.
- The company's financial analyst used real GNP to forecast future economic trends and make informed investment decisions.