Questions and Answers
What does Gross Domestic Product (GDP) measure?
The total dollar value of all goods and services produced in a country over a specific time period
What is Gross National Income (GNI) per capita?
The average income of a country's population
Which indicator is used to measure the economic growth of a country?
Both GDP and GNI growth rates
How would an increase in GNI per capita impact a country's economy?
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Why are GDP and GNI growth rates considered important economic indicators?
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In what way does GNI differ from GDP?
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