One of the mysteries of the English language finally explained.
The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.
- ‘If the economies follow the cooperative solution, the global welfare level (the sum of the individual countries’ welfare levels) is appropriately measured by a static index related to the sum of the counties' green net national products.’
- ‘Hobson calculates that the British ‘military burden’ between 1870 and 1913 averaged a mere 3.2 percent of net national product; by contrast, the figure for the United States between 1950 and 1974 was 9 percent - nearly three times higher.’
- ‘This is regularly done to measure gross and net national products or the output of a diverse industry.’
- ‘He examines bond rates, net national products and military expenditures in order to fortify his contrarian stance.’
- ‘When a country depletes its natural capital, this is typically ignored in the national accounts, even though depreciation of man-made capital is allowed for (to convert from GNP to net national product, NNP).’
- ‘That's why economists looking for an alternative accounting framework to supplement the use of GDP are considering a new measure: green net national product.’
- ‘This study concludes that for general purposes the net national product is the most appropriate base on which to measure the total tax burden.’
- ‘In 2003, net national saving amounted to 1.8 percent of net national product, the lowest share since 1934.’
- ‘As a proportion of net national product, central government expenditure in Britain fell from around 18 per cent in 1820-4 to 8.2 per cent in 1910-13; the comparable figures for Germany are 20 per cent and 6.6 per cent.’
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