Gross Domestic Product (GDP) per capita measures the total economic output produced within a country's borders divided by its population, reflecting the average economic production per person. In contrast, Gross National Income (GNI) per capita measures the total income received by a country's residents, including income from abroad, divided by the population. Therefore, while GDP focuses on location of production, GNI considers the income received by residents, regardless of where the production takes place.
A) How does Gross Domestic Product (GDP) per capita differ from Gross National Income
(GNI) per capita? (1 point
1 answer