Population and economic development patterns Details

Question 1

Difference between Gross National Product(GNP) and Gross National Income(GNI)

Answer 1

GNP and GNI are the same thing

Question 2

Difference between Gross Domestic Product(GDP) and Gross National Income(GNI)

Answer 2

Gross domestic product(GDP) only counts income generated from goods and services produced domestically, while Gross National Income(GNI) measures the total income earned by residents of a country, including income earned abroad