what is the similarity between gross national income and gross domestic product? and what is also the difference between the two?
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what is the similarity between gross national income and gross domestic product? and what is also the difference between the two?
Answer:
GNI and GDP both reflect to measure the economic scale of a country or region.
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.
GDP - It is a monetary measure of the market value of all the final goods and services produced in a specific time period.
Explanation: