Gross national product

Gross national product (GNP) is the total income of all residents of a nation, including the income from factors of production used abroad; the total expenditure on the nation's output of goods and services.

Definition

According to Macroeconomics by Mankiw (7th edition),

Gross national product (GNP). The total income of all residents of a nation, including the income from factors of production used abroad; the total expenditure on the nation's output of goods and services.