Gross national income (GNI)does not give a complete picture of economic activity in a country because it includes only cash transactions.

Question

Quizplus · Accepted Answer

GNI only includes cash transactions and does not take into account non-monetary transactions such as bartering or household production, which can also contribute to a country's economic activity. Additionally, GNI does not reflect income inequality or the distribution of wealth within a country.

Gross National Income (GNI)does Not Give a Complete Picture of Economic