Geography
katherine60
2021-05-02 14:33:12
how does GDP differ from GNI
ANSWERS
veroacevedo29
2021-05-02 17:18:15

Gross Domestic Product is "a monetary measure of the value of all final goods and services produced in period of time (quarterly or yearly)." Gross National Income or GNI, is defined as "the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (as mentioned above) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents."

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