I think that this visual aid will be able to help me/us on the chapter test.
Definitions:
Macroeconomics-The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.
GDP-Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.
GNP-Gross National Product. GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country.
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