Gross National Product (GNP) is the total monetary value of all finished goods and services produced by a country's residents in a given time period, typically a year. It includes the production by nationals regardless of where they are located, meaning it accounts for income earned by residents from overseas investments but excludes income earned by foreign residents within the domestic economy. GNP is crucial for understanding a nation's economic performance and is often compared with GDP to evaluate overall economic health.
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