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Measuring Living Standards by GNI

GNI, Gross Domestic Product (GDP), Macroeconomics

By Valeria Popa: Let us first distinguish between GNI, GDP and GNP to understand how is GNI different from these two measuring indicators. GNI compared to GDP and GNP While Gross Domestic Product (GDP) and Gross National Product (GNP) measure the output of an economy,...




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