Net exports represent the difference between what a country exports minus any imports of goods and services. GNP is related to another important economic measure called gross domestic product (GDP ...

NFIA= Net factor income from abroad. c. Net National Product (NNP) at MP: Is market value of net output of final goods and services produced by an economy during a year and net factor income from ...

If this depletion of the capital stock, called depreciation, is subtracted from GDP, we get net domestic product. Theoretically, GDP can be viewed in three different ways. • The production approach ...