different between GNP and GNI.

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03-12-2021
Biology

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different between GNP and GNI.

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Lilly0212idn Lilly0212idn · Answer 1 · 2021-12-03T07:20:53-05:00

Answer:

GDP measures the value of goods and services produced within a country's borders, by citizens and non-citizens alike.

GNP measures the value of goods and services produced by only a country's citizens but both domestically and abroad. GDP is the most commonly used by global economies.

IN EASY WORDS:

GNI is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad.

GNP includes the income of all of a country's residents and businesses whether it flows back to the country or is spent abroad.

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