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English definition of “inflation-adjusted gross national product”

inflation-adjusted gross national product

noun [U]
 
 
ECONOMICS
the total value of goods and services produced in a country, which includes the effect of inflation and also the income from products and services sold in other countries: The inflation-adjusted gross national product - the broadest measure of economic activity - declined 5.2 percent in the last three months of the year.
(Definition of inflation-adjusted gross national product from the Cambridge Business English Dictionary © Cambridge University Press)
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