Gross domestic product is generally ________ net national income.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) measures the total economic output within a country's borders, and includes income earned by foreign entities. Net national income (NNI) measures the total income earned by a country's residents, taking into account income repatriated from abroad and deducting depreciation. Since GDP includes income earned by foreign entities, it will generally be greater than NNI, which only measures income earned by a country's residents.

Gross Domestic Product Is Generally ________ Net National Income