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Macroeconomic Terms University of Phoenix Material Macroeconomic TermsDefine the following terms in your words.TermDefinitionDefinition SourceGross Domestic Product (GDP)describes the monetary yield delivered inside of the physical fringes of an economy, while GNP depicts the financial yield created by the residents of a nation.Economics, Ch. 25: Measuring the Aggregate EconomyReal GDPthe total amount of goods and services.