The term ________ refers to all of the goods and services produced in a country within a given year, plus the net income earned outside the country by individuals and corporations.

Question

Quizplus · Accepted Answer

Gross national income (GNI) is the correct term for the total amount of goods and services produced within a country in a given year, plus the net income earned outside the country by individuals and corporations. This includes income from sources such as foreign investments, overseas employment, and international trade. GNI is a commonly used measure of a country's economic performance and is often used for international comparisons.

The Term ________ Refers to All of the Goods and Services