Environmental Sciences, asked by manikanta758, 9 months ago

Human resourses has a gret contribution to the gross national income.Why?​

Answers

Answered by siddartha61
1

Answer:

Gross national income is an alternative method of calculating Gross National Product. GNI is also related to Gross Domestic Product. GNI is the sum of a nation's gross domestic product and the net income it receives from overseas.

KEY TAKEAWAYS

Gross National Income is conceptually equivalent to Gross National Product, but it is calculated using incomes instead of output.

GNI can also be calculated by converting from Gross Domestic Product by adjusting for residents’ foreign income.

Countries involved with a large amount of foreign direct investment, foreign corporations, or foreign aid will show a large difference between GNI and GDP.

Answered by Anonymous
15

GNI is the total amount of money earned by a nation's people and businesses. It is used to measure and track a nation's wealth from year to year. The number includes the nation's gross domestic product plus the income it receives from overseas sources.

GNI is an alternative to gross domestic product (GDP) as a means of measuring and tracking a nation's wealth and is considered a more accurate indicator for some nations.Understanding GNI

GNI calculates the total income earned by a nation's people and businesses, including investment income, regardless of where it was earned. It also covers money received from abroad such as foreign investment and economic development aid.

The more widely known GDP is an estimate of the total value of all goods and services produced within a nation for a set period, usually a year. Finally, there's gross national product (GNP), which is a broad measure of all economic activity.Gross national income is an alternative to gross national product as a measure of wealth. It calculates income instead of output.

GNI can be calculated by adding income from foreign sources to gross domestic product.

Nations that have substantial foreign direct investment, foreign corporate presence, or foreign aid will show a significant difference between GNI.

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