Difference between revisions of "Gross National Product"
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'''Gross National Product''', is the total value of all the goods and services produced by a country in one year. | '''Gross National Product''', is the total value of all the goods and services produced by a country in one year. | ||
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| + | ==Per capita income== | ||
| + | Per capita income is GNP divided by population (in contrast to working age, workforce, or household statistics). | ||
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| + | The average [[per capita]] GNP (as of 2006) in developed countries with high-income economies, e.g. the United Kingdom, is about $23500. In developing countries with middle-income economies it is $2500. In developing countries with low-income economies, it is less than $400. | ||
== US GNP under the Bretton Woods and Keynesian system== | == US GNP under the Bretton Woods and Keynesian system== | ||
Revision as of 21:28, January 26, 2024
Gross National Product, is the total value of all the goods and services produced by a country in one year.
Per capita income
Per capita income is GNP divided by population (in contrast to working age, workforce, or household statistics).
The average per capita GNP (as of 2006) in developed countries with high-income economies, e.g. the United Kingdom, is about $23500. In developing countries with middle-income economies it is $2500. In developing countries with low-income economies, it is less than $400.
US GNP under the Bretton Woods and Keynesian system
- See also: Keynesian economics and Bretton Woods
Chart of the growth of U.S. GNP from January 1947 to January 2023 measured in fiat dollars.