Meaning of “inflation-adjusted gross national product” in the English Dictionary

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"inflation-adjusted gross national product" in Business English

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inflation-adjusted gross national productnoun [ U ]


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)