What is the definition of Gross National Product (GNP)?

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Net National Product after accounting for inflationGross Domestic Product adjusted to reflect inflationGross Domestic Product combined with net income from foreign assetsNet National Product including net income from abroad

Explanation

Gross National Product (GNP) is calculated by adjusting Gross Domestic Product (GDP) for inflation. It reflects the total market value of all final goods and services produced by the residents of a country, adjusted to account for changes in price levels.