inflation-adjusted gross national product
noun[U]
ECONOMICSukusthetotalvalueofgoodsandservicesproducedin acountry, whichincludestheeffectofinflationand also theincomefromproductsandservicessoldin othercountries:
The inflation-adjustedgrossnationalproduct- thebroadestmeasureofeconomicactivity-declined5.2percentin the last threemonthsof theyear.