Is GNI And GNP The Same? GNI is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad. GNP includes the income of all of a country’s residents and businesses whether it flows back to the country or is spent abroad. Is
What Is The Difference Between GNI And GNP? GNI is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad. GNP includes the income of all of a country’s residents and businesses whether it flows back to the country or is spent
What Is National Income Explain The Importance Of National Income? To be more precise, national income is the accumulated money value of all final goods and services produced in a country during one financial year. Computation of National Income is very vital as it indicates the overall health of our economy for that particular year.