Regarding gross domestic product (GDP) and gross national income (GNI):

Question

Quizplus · Accepted Answer

A) GDP measures the total value of goods and services produced within a country's borders, which can overstate the income of individuals if much of the production is by foreign-owned companies whose profits do not stay in the country. B) GDP includes income from within a country's borders regardless of nationality, while GNI adjusts GDP by adding the income residents earn abroad and subtracting the income foreigners earn within the country. C) Both GDP and GNI are indeed widely used to gauge a country's economic performance. D) Generally, more developed industrial nations have higher levels of GDP and GNI due to their advanced economic structures.

Regarding Gross Domestic Product (GDP) and Gross National Income (GNI)