Examlex
Explain the purpose of the Personal Property Security Act.
Gross National Income
The total domestic and foreign output claimed by residents of a country, consisting of GDP plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
Net National Income
The total income of a nation after adding all payments from abroad and subtracting all payments to abroad, including depreciation.
Gross National Product
The total market value of all the goods and services produced by a country's residents and businesses over a specified period.
Net National Product
The total value of all goods and services produced by a country over a specific time period, minus depreciation.
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