_____ Adds Net Income from Foreign Assets Owned by Nationals

question 42

Multiple Choice

_____ adds net income from foreign assets owned by nationals and subtracts net payments to foreign owners.

• A) Gross national product
• B) Net national product
• C) Net national income
• D) Gross national income

---

Definitions:

Majority Voting System

A voting system in which decisions are made based on the preference of more than half of the voters, commonly used in elections and other decision-making processes.

Public Good

A good that is non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

Majority Vote

A decision rule where the option that receives more than half of the votes wins, commonly used in elections and other decision-making processes.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, leading to a potential welfare loss.