Gross National Product and Gross Domestic Product is the total value of thefinished goods and services produced in the economy. It is not a precise measureof national economic well-being but expressed in volume (adjusted for inflation)it is the closest single number we have got to such a measure. It is the sum offinal expenditures; Export of goods and services, Imports of goods and services,Private Consumption, Government Consumption, Gross Fixed Capital Formation andIncreases/Decreases(-) in stocks. The difference between Gross National Productand Gross Domestic Product is the Net Factor Income/Payments abroad.