Examlex
Which of the following is true?
Gross National Income
The total domestic and foreign output claimed by residents of a country, including wages, salaries, and property income.
Gross Domestic Product
The sum value in currency or market terms of every finished product and service created within a country during a specified period.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.
Private Consumption
The spending on goods and services by households for their own use.
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