Gross national income is defined as

Question

Quizplus · Accepted Answer

Gross national income (GNI) refers to the total amount of money earned by a country's residents and businesses in a given period of time, regardless of their physical location. It includes the value of all goods and services produced by a country's residents, regardless of whether that production takes place within the country's borders or outside of it. Therefore, option C, "the value of payments received by Canadians for their factors of production even if the production takes place outside of Canada," is the correct answer.

Gross National Income Is Defined as