GNI and GDP differ because GDP is the total market value of all goods and services produced domestically in a particular year or quarter, while GNI is an increase in GDP itself
<h2>Further explanation
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There are several calculations to measure the total production of a country, namely Gross Domestic Product, Gross National Product and Gross National Income, where GNI is an increase in GDP.
Gross Domestic Product or GDP is the total market value of all goods and services produced domestically in a particular year or quarter. GDP includes the income that foreigners generate while in the country. GDP does not include the income of residents who are abroad.
Gross National Income or GNI is GDP plus income paid to other countries by countries for things like interest and dividends.
Gross National Product or GNP is the total market value of all goods and services produced by domestic residents. GNP includes domestic income from goods and services produced and sold abroad and foreign investment. GNP does not include the income of foreign nationals while in the country. GDP and GNI refer to economic income within national borders while GNP refers to economic output by the country's population.
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GDP, GNP, and GNI brainly.com/question/1086262, brainly.com/question/13225398, brainly.com/question/853464
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Class: High School
Subject: Social studies
Keyword: Difference between GDP, GNP, and GNI.
