If you're interested in understanding the overall economic activity within a country's borders and its contribution to domestic prosperity, GDP is a better measure.If you're concerned about the income earned by a country's residents, including income earned abroad, or if you want to assess the impact of international economic activities on the country's wealth, then GNI is a better measure.

Gross national income (GNI) is defined as:Group of answer choicesThe total income of all locally-owned businesses plus income earned by foreign employeesThe country's total earnings from exports and mining.The total income from all final products of the national economy plus income earned by nationals from overseas investmentsThe total income of all foreign-owned business in the country, minus the value of their imports

In some countries, the official GNI per capita measured at PPP data does not reflect the actual total annual income because:Question 5Select one:a.It doesn't consider differences in the cost of living.b.It fails to include income earned from other countries in the form of dividends.c.It gives a static picture of development.d.Large amounts of economic activity may be in the form of barter agreements.

Do you think GDP is a good measure of the economy? Why or why not?

differnce between GNP AND GDP

Do you think GDP is a good measure of the economy? Why or why not? Jul 18 4:54 pmYL+2 GDP is a broad measure of economic activity that covers the total production and consumption within a country. this makes it a useful indicator for comparing the economic performance of different countries and regions. investors and businesses rely on GDP growth rates to make investment decisions because GDP growth generally signals a healthy and expanding economy. However, GDP measures overall economic output and does not take into account the distribution of income and wealth among the population. this means that GDP growth is likely to primarily benefit a small segment of society, while living standards for the majority may not improve significantly.