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Government Obligations

Gross Domestic Product (GDP)

Gross National Product (GNP)

Government Obligations. Government debt instruments (Treasury bonds, bills, notes, savings bonds) the government has pledge to repay.

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Gross Domestic Product (GDP). The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.

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Gross National Product (GNP). GDP plus the income accruing to domestic residents as a result of investments abroad, minus the income earned in domestic markets accruing to foreigners abroad.

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