Human resourses has a gret contribution to the gross national income.Why?
Answers
Explanation:
Human resource has a great contribution to the Gross National Income. Human resources development is the process of increasing the knowledge, the skills, and the capacities of all the people in a society. It is the accumulation of human capital.
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