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Concept information

business > accounting > bookkeeping > national accounting > gross national product

Preferred term

gross national product  

Definition

  • Gross domestic product adjusted for foreign transactions, i.e. to the figure for Gross Domestic Product must be added any income accruing to residents of the country arising from investment and other factor earnings abroad and from it must be deducted any income earned in the domestic market by factors owned by foreigners abroad.

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URI

http://www.eionet.europa.eu/gemet/concept/3777

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