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

GNI can also be expressed as: Gross domestic product + primary income __ - primary income __.Multiple choice question.payments; receiptsresidents; foreignersreceipts; paymentsforeigners; residents

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.

what is national income?

Gross income is…Group of answer choicesIncome, gain, or profit that is subject to tax.This is income where taxes are already deducted.

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.