real GNP
1
6.3
- noun
- /riːəl dʒiː ɛn piː/
- Specialized
:
PIB real
- When inflation was taken into account, the real GNP revealed a more accurate picture of the nation's economic health.
- real GNP growth
Examples
-
Thus, excluding inventory effects, the short-run (one year) effect of a four mbd disruption in oil supplies would lead to a price rise of about $17.00 per barrel, lower real GNP by 1.8%, and raise the price level by 1.8%.
Academic text (1991) -
At the end of the decade (1977 to 1982), Panama began to see a growth in real GNP of 6.5%.
Academic text (1993) -
On average, however, China was still able to achieve almost 9 percent annual growth in real GNP from 1978 to 1992.
Academic text (1993) -
The rapid increase in energy prices during the oil crisis of 1973 significantly damaged the entire economy of Japan and led to a negative growth in real GNP for the first time since World War II.
Academic text (1993) -
By contrast, the oil crisis of 1979 caused only modest damage to the Japanese economy (3.5% growth in real GNP from 1979 to 1980).
Academic text (1993) -
Indeed, real GNP was 27 percent higher at the end of the decade than it was at the beginning; real per capita disposable income grew by 17 percent throughout the 1980s, and total employment grew by over 18 million, or 18 percent, during the decade.
Academic text (1991) -
The broadest measure of the small-firm phenomenon in America is real GNP per company; the lower the number, the smaller the size of the average firm.
Academic text (1991) -
The average annual rate of real GNP growth has been 8.8% during 1953-88, a record of high and sustained economic expansion that few other countries can match.
Academic text (1993) -
During the adjustment process, real GNP would decline roughly 0.45%, and the aggregate price level would rise nearly 0.45%.
Academic text (1991) -
Over the past 14 years, real GNP in China has averaged 9% annual increases. Barber B. Conable, Jr., and David M. Lampton, "China: The Coming Power," Foreign Affairs, Winter 1992/93, pp. 141-42.
Academic text (1993)
Synonyms
Total value of goods and services a country makes measured with prices kept the same over time
Surface Forms
Morphology
The phrase is directly compositional: 'real' (inflation‑adjusted) modifies 'GNP' (value of goods/services produced by a country's residents), so the overall meaning follows straightforwardly from the constituents. This adjectival modification of an economic measure is common across languages and therefore should be understandable to a B1 learner who knows both words.
Etymology
Real GNP combines real and GNP to show the economy's 'true size' after taking out 'price changes'. Think of counting apples: if prices go up the money value grows but the number of apples may not, so real GNP uses the same prices to show whether a country really made more goods and services.