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Acronym Finder has 22 verified definitions for GNP
When you adjust nominal GDP for price.
What does GNP stand for?
GNP stands for GDP in Nominal Prices
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Previous to the base year, prices were generally lower, so those GDP values must be inflated to compare them to the base year. When prices are less in any given year than they were in the base year, then the price index will be less than 100, so that when real GDP is calculated by dividing the nominal GDP by the price.