Gross national income (GNI) is the:
A) total cost of producing all goods and services sold in a year.
B) total market value of goods and services provided in an economy in a year by residents of that country.
C) total market value of goods (but not services) consumed in an economy in a year.
D) total market value of goods and services consumed in a year.
E) total market value of goods (but not services) produced in an economy in a year.
Correct Answer:
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