A widely used measure of income in most countries is:
A) gross national income.
B) total consumption expenditures.
C) disposable personal product.
D) population times GNI.
E) socio-economic product.

Question

Quizplus · Accepted Answer

Gross national income (GNI) is a widely used measure of income in most countries. It measures the total amount of income generated by a country's residents and businesses, regardless of whether the income is earned within the country or outside of it. This measure is often used to compare the economic performance of different countries and to track changes in living standards over time.

A Widely Used Measure of Income in Most Countries Is