What does GNP mean?

GNP stands for Gross National Product, which is a measure of the total economic output of a country. It includes the value of all goods and services produced within a country's borders, as well as the income earned by its residents, regardless of whether the production occurs within the country or abroad. GNP is an important indicator of a country's economic health and is used to compare the relative economic performance of different countries. It is often used in conjunction with other economic indicators to assess the overall strength of an economy and to make informed policy decisions.