GNP stands for Gross National Product. It is a measure of the total economic output produced by the residents of a country, both within its borders and abroad. GNP includes the value of goods and services produced by a country's residents, regardless of where they are located.

GNP is an important indicator of a country's economic health and is often used to compare the economic performance of different countries. It is calculated by adding up the value of all goods and services produced by a country in a given time period, usually a year, and subtracting the value of goods and services used up in the production process.

GNP is closely related to GDP (Gross Domestic Product), which measures the total economic output produced within a country's borders. The main difference between GNP and GDP is that GNP includes the value of goods and services produced by a country's residents abroad, while GDP does not.

GNP is a key indicator of a country's economic strength and is often used by policymakers to make decisions about economic policy. It can also be used to analyze trends in a country's economic growth and to compare the economic performance of different countries.

Overall, GNP is an important measure of a country's economic output and can provide valuable insights into its economic health. By understanding what GNP stands for and how it is calculated, policymakers and analysts can make more informed decisions about economic policy and planning.

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