Answer:
A measure of the wealth is earned by nations through economic activates all around the world.
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), and less similar payments made to other countries. It is also known as GNP.
GNI = Gross Domestic Product + Net property income from abroad.
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), and less similar payments made to other countries. It is also known as GNP.
GNI = Gross Domestic Product + Net property income from abroad.
Previous Question | Next Question |
Explain what are the advantages of regional integration? | Explain what are the differences between absolute advantage and comparative advantage? |