Which of the following observations concerning different measures of national income is TRUE?
A) GDP does not include income earned by foreigners who own resources in that nation.
B) Using GNI can give the impression that people in less-developed countries have more income than they really do.
C) GNI per capita is a useful figure because it gives some idea of the income level of people in the country.
D) The less-developed nations account for the biggest share of the world's GDP.
E) GDP is the only measure of national income.

Question

Quizplus · Accepted Answer

GNI per capita is indeed a useful figure as it divides the country's gross national income by its population, providing an average income per person, which can help in understanding the economic well-being of the average citizen in a country.

Which of the Following Observations Concerning Different Measures of National