How is Gross National Income defined?

1. Gross National Income starts from the value of final goods and services produced by a country. 2. That starting figure is the Gross Domestic Product. 3. To it is added the income received from other countries, such as interest and dividends. 4. From that total are subtracted similar payments made to other countries. 5. So Gross National Income is domestic output adjusted for net income from abroad. 6. Exports minus imports is the balance of trade, which is a different measure. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.7 Threats and Opportunities in the Global Marketplace_