natural resources (land): the things provided by
nature that go into the creation of goods and services.
negotiable order of withdrawal (NOW) accounts:
interest-bearing accounts on which the depositor is entitled
to write checks.
net exports: the difference between total exports and
total imports over the course of a year.
net income: the bottom line, after everything is
paid up, • including taxes. What's left after all expenses are
deducted from total revenue. Dividends are paid from net
income.
net interest: an item in the federal budget repre-
senting the difference between the interest earned by the
government on its investments and the interest it must pay
on its debts.
303
net worth: the difference between a firm's assets and its
liabilities. Equity. Fair market value of total assets minus
total liabilities.
