Noun | 1. | GNP - former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr) value - the quality (positive or negative) that renders something desirable or valuable; "the Shakespearean Shylock is of dubious value in the modern world" real GNP, real gross national product - a version of the GNP that has been adjusted for the effects of inflation |