standard operating procedure; SOP
A set of instructions covering those features of operations that lend themselves to a definite or standardized procedure without loss of effectiveness. The procedure is applicable unless ordered otherwise.
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GNP – gross national product
GNP is the GDP plus net factor income from abroad.
The GDP of a nation together with any money earned from investment abroad, less the income earned within the nation by non-nationals. compare with GDP. GNP per capita is calculated as GNP/population and is usually expressed in US dollars. It may be used as an indicator of development. In the mid-1990s, a per capita GNP figure of $10000 would indicate a more developed country, while for a least developed nation, the figure would be around $600. GNP is an imperfect measurement of a nation's economy because certain forms of production, especially subsistence production, are not recorded.
GDP – gross domestic product
gross domestic product
n. (Abbr. GDP)
The total market value of all the goods and services produced within the borders of a nation during a specified period.
