Question on: SS3 Economics - Measurement of Economic Growth And Development
What is the difference between GNP and GNI?
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A
GNP measures the total value of all goods and services produced within a country's borders, while GNI measures the value of all goods and services produced by a country's citizens, both domestically and abroad.
B
GNP measures the value of all goods and services produced by a country's citizens, both domestically and abroad, while GNI measures the income earned by a country's citizens, both domestically and abroad.
C
GNP measures the total income of a country's citizens, both domestically and abroad, while GNI measures the value of all goods and services produced within a country's borders.
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