Gross National Product

"GNP measures the output of the citizens of the U.S. and the income from assets owned by U.S. entities, regardless of where they are located".^[1]

Since GNP includes output from multinational corporations, it may not be a true indication of how the U.S. economy is performing. This has led to the development of GDP, gross domestic product, a refined picture of the economy that is limited to domestic production.

GNP in mature economies such as the United States grows at a much slower rate than in emerging nations. The growth of output is measured in real terms, meaning that increases in output due to inflation have been removed.