--%>

Explain the term GNI per capita

How do you explain the term GNI per capita?

E

Expert

Verified

A wealth is earned can be measure by countries through economic activates all around the world.

Gross National Income (GNI) comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together from other countries its income received (notably interest and dividends) and somehow similar payments made to other countries. It is also known as Gross National Income (GNI).

It can be calculated as follows:

Gross National Income (GNI) = Gross Domestic Product + Net property income from abroad.

   Related Questions in Microeconomics

  • Q : Classification of Surveys as

    Surveys can be classified as probabilistic sampling: • Simple random sampling: If you have a relatively small, self-contained, or clearly stated population, suc

  • Q : Decreasing price of Complementary Goods

    The increase in demand for tartar sauce would be a probable result of: (1) A reduction in the price of fish. (2) An raise in the price of tartar sauce. (3) A bumper crop of the tartar sauce. (4) A raise in the price of fish. (v) The reduction in price

  • Q : Greater economics loss than fixed costs

    Within the short run, there a monopolistically competitive firm will NOT operate at: (w) an economic loss that is less than fixed costs. (x) an economic loss that is greater than fixed costs. (y) making a normal profit. (z) making economic profits.

  • Q : Perfectly demand elasticity On a

    On a horizontal demand curve, there: (w) demand is perfectly elastic. (x) demand is perfectly inelastic. (y) the elasticity of demand varies. (z) demand is unitarily elastic. Can someone explain/help me with best s

  • Q : Changes in Household Demand The changes

    The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint. Can someone please help me in finding out the a

  • Q : Annual economic profit When point e

    When point e corresponds to $9 per copy for Silver Screen DVDs, Nostalgia Corporation can produce annual economic profit of at mostly about: (i) $25 million. (ii) $35 million. (iii) $50 million. (iv) $75 million. (v) $100 million.

    Q : Economic profit of purely competitive

    Purely competitive firms will experience economic profit, in a short-run equilibrium which is: (w) zero. (x) positive. (y) negative. (z) negative, zero, or positive are all possibilities. Hey friends please give yo

  • Q : Program of Craft Unions The union based

    The union based just on workers with a specific skill, and which usually consists of apprenticeship programs which lead to ‘journeyman’ and then ‘master craftsman’ ratings is a/an: (1) Craft union. (2) Open union. (3) Company union. (4) Exclusi

  • Q : Market adjustments primarily in

    When the U.S. furniture market is primarily in equilibrium at point e upon S0D0 and in that case Chinese manufacturers begin exporting more furniture to the United States, that market would move in the direction of a new equilibrium

  • Q : Determinants that consumers want to buy

    In addition to price, what are the other determinants that consumers want to buy?