For most macroeconomists

Question

Quizplus · Accepted Answer

Gross National Income (GNI) and Gross National Product (GNP) essentially measure the same economic activity. Both terms are used to calculate the total market value of all goods and services produced for a specific period, but they approach the calculation slightly differently. GNI focuses on income received by a country's residents from domestic and foreign sources, while GNP focuses on output produced by the residents of a country both domestically and abroad. However, for most macroeconomic analyses, they are considered equivalent in the aggregate sense.

For Most Macroeconomists