Note Rate.

Note Rate.

GROSS NATIONAL PRODUCT (GNP) — The total value of all goods and services produced in an economy during a given period of time. GROSS RATE — A method of collecting interest by adding total interest to the principal of the loan at the outset of the term. GROSS RENT MULTIPLIER — A number which, times the gross income of a property, produces an estimate of value of the property. Example — The gross income from an unfurnished apartment building is $200,000 per annum. If an appraiser uses a gross multiplier of 7%, then it is said that based on the gross multiplier the value of the building is $1,400,000.