Budget (GNP/GDP):

GNP- Gross National Product- total value of all final goods and services produced by Americans. 

Expenditure approach: C+Ig+G+Xn= GDP
Add up the market values of all Domestic Expenditures made in final goods and services in a single year.

Income approach: adding up all the income earned by households and firms in a single year.
W+R+I+P+statistical adjustments=GDP

Wages Rents Interest Profit

Budget: Government purchases plus government minus government tax and fee collection  

If your budget is positive, it is a  budget deficit.  

If your budget is negative, it is a budget surplus.

Exports-Imports

GNP: GDP+ Net Foreign Factor Payments

NNP: GNP- Depreciation

NDP: GDP- Depreciation

National Income: GDP-Indirect Business taxes- depreciation- net foreign factor payment
Compensation of employees+pre income+renters income + interest income + corporate profits.

Disposable personal income: National Income- personal household taxes+government transfer payments


Nominal GDP: value of output produced in current prices.
PXQ
*Can increase from year to year if either output or price increases. 

Real GDP: value of output produced in constant or base year prices.
*adjusted for inflation
* can increase from year to year only if output increases.
PXQ 
Current production X base price