Which of the following describes what is included in Canada's gross national income (GNI)?
A) It measures the market value of all final goods and services produced by Canadians anywhere in the world over a 1-year period.
B) It excludes profits earned by Bombardier Inc. in India.
C) It measures the market value of all final goods and services produced in Canada's economy by resources supplied by Canada's residents and firms, regardless of the location of the resource, over a 1-year period.
D) It excludes earnings earned by expatriate workers.

Question

Which of the following describes what is included in Canada's gross national income (GNI)?  
A) It measures the market value of all final goods and services produced by Canadians anywhere in the world over a 1-year period. 
B) It excludes profits earned by Bombardier Inc. in India. 
C) It measures the market value of all final goods and services produced in Canada's economy by resources supplied by Canada's residents and firms, regardless of the location of the resource, over a 1-year period. 
D) It excludes earnings earned by expatriate workers.

Quizplus · Accepted Answer

Canada's gross national income (GNI) measures the market value of all final goods and services produced in Canada's economy by resources supplied by Canada's residents and firms, regardless of the location of the resource, over a 1-year period. This includes income earned by Canadian individuals or businesses outside of Canada, as long as the income is generated using Canadian resources. Therefore, options A and D are incorrect. Option B is incorrect because it states that profits earned by Bombardier Inc. in India are excluded, but it does not specify whether this is because Bombardier Inc. is a Canadian company or not.

Which of the Following Describes What Is Included in Canada's