Gross national income equals GDP

Name: Gross national income equals GDP
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross national income (GNI) is equal to GDP plus the net investment income earned from abroad, meaning the income received by domestic residents from their investments in foreign countries minus the income paid out to foreign residents who have invested domestically. This is because GNI measures the total income generated by a country's residents and businesses, regardless of where it is earned.

Gross National Income Equals GDP