Command-basis gross national product (GNP)

An alternative measure of real GNP that provides information on the real purchasing power of the income generated by the production ofgoods and services. It reflects the impact of changes in the prices of traded goods and services as well as changes in production. Command- basis GNP is calculated by deflating both “exports plus income receipts” and “imports plus income payments” by the price index for gross domestic purchases. Thus, it reflects the prices of purchased goods and services, while real GNP reflects the prices of produced goods and services. Inthe SNA, the term for this measure is “real gross national income.”