How does Gross Domestic Product (GDP) per capita differ from Gross National Income (GNI) per capita?(1 point)%0D%0AResponses%0D%0A%0D%0AGDP per capita is the total wealth of the entire country regardless of population size.%0D%0AGDP per capita is the total wealth of the entire country regardless of population size.%0D%0A%0D%0AGDP per capita is more accurate because it includes people outside the country.%0D%0AGDP per capita is more accurate because it includes people outside the country.%0D%0A%0D%0AGNI per capita does not account for people who have no income.%0D%0AGNI per capita does not account for people who have no income.%0D%0A%0D%0AGNI per capita gives a more accurate indication of how much money people actually have to spend.

Question

GPT-4o mini · Answer

GDP per capita and GNI per capita measure different aspects of economic performance.

GDP per capita calculates the total economic output (Gross Domestic Product) of a country divided by its population. It reflects the average economic productivity per person, measuring the value of all goods and services produced within a country's borders.

GNI per capita, on the other hand, measures the total income earned by a country's residents, including any income received from abroad (such as investments) and excluding income earned by foreign residents. It is also divided by the population.

The key difference lies in what each measures: GDP focuses on location (economic activity within the country), while GNI focuses on ownership (income of residents regardless of where it is earned).

Among the provided responses, the most accurate distinction is: "GNI per capita gives a more accurate indication of how much money people actually have to spend."