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Gross national product - the demand for goods and services.

Gross National Product--The Demand for Goods and Services

The labor force represents the supply of workers that is available to produce goods and services in the United States for domestic and foreigh consumption. The gross national product, commonly referred to as GNP, is the measure of goods and services in demand.

There are five principal categories of demand.


Personal consumption


Purchases by individuals of goods (such as food, clothing, and shelter) and services (such as education, heatlh care, recreation, and utilities).


Gross private

domestic investment

Purchases by business and industry of buildings and other structures and machinery and other equipment.



Goods and services produced in the United States that are purchased by foreign countries.



Goods and services produced in foreign countreis that are purchased by U.S. citizens. The total value of imports is subtracted from the value of all other categories of GNP to derive the total value of GNP.



Goods and services purchased by Federal, State, and local governments, including compensation to government employees.

The gross national product (GNP) will increase by $1.2 trillion.

GNP will rise 31 percent.

The percentage growth of GNP between 1988 and 2000 will be slower than during the previous 12 years.

GNP growth will slow because growth of the labor supply, one of the major factors of production, will slow.

Every major category of GNP will grow.

Personal consumption expenditures, the largest category, will have the greatest dollar increase wven with an everage growth rate.

Government will have the slowest growth rate and the smallest dollar increase. Within this category, Federal Government will decline, primarily because of a projected decrease in defense expenditures.

Exports, with an increase of 74 percent, will have the fastest growth, double the rate of imports.

Personal consumption expenditures will continue to account for about two-thirds of GNP.

Exports will be a larger share of the GNP.

Because of their very rapid growth, exports will be greater than imports in 2000.

Government's share of GNP will decline sharply.
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Title Annotation:Outlook 2000; illustrations only - no text
Publication:Occupational Outlook Quarterly
Article Type:illustration
Date:Sep 22, 1989
Previous Article:The labor force.
Next Article:Industrial employment.

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