Why is GNI per capita a better measure of standard of living than GDP? A. GNI per capita reflects all of the income within the economy. B. GNI per capita indicates how much each person makes on average. C. GNI per capita represents the value of goods and services in the economy. D. GNI per capita reflects the total market value of goods and services in the economy.

GNI expresses what was the total income that a country managed to establish in a year and how it was distributed among the working and active population. In this case, the GNI is able to track the country's wealth, even assessing the income of citizens who are outside the national territory, which allows to identify a margin of the population's standard of living and purchasing power with greater precision.

suchetasVT suchetasVT · Answer 2 · 2022-06-07T05:12:10+02:00

The Gross National Income(GNI) per capita reflects all of the income within the economy. Hence, Option A is the correct statement.

What is the definition of GNI?

Gross national income (GNI) is described as a gross domestic product, plus net receipts from overseas of repayment of employees, property profits, and net taxes less subsidies on production.

Hence, The Gross National Income(GNI) per capita reflects all of the income within the economy. Option A is the correct statement.

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