The gross national income and gross domestic product are virtually the same.

Question

Quizplus · Accepted Answer

While both the GNI and GDP are measures of economic activity, they differ in their focus. GDP measures the value of goods and services produced within a country's borders in a given period of time, while GNI measures the income earned by a country's residents, including income earned abroad. Therefore, the two measures can vary based on factors such as remittances, foreign investment, and multinational corporation profits.

The Gross National Income and Gross Domestic Product Are Virtually