This document discusses various concepts of national income, including gross national product (GNP), net national product (NNP), and gross domestic product (GDP). It defines each concept and explains their key aspects and differences. GNP measures the total value of final goods and services produced by a country's citizens during a year. GDP measures the value of final output produced domestically, excluding income earned abroad by domestic citizens. The document provides formulas for calculating GNP and GDP and discusses some problems with measuring GDP, such as double counting and excluding non-productive transactions.