Economics · National Income Accounting
Why is Gross National Income (GNI) preferred over GDP for international welfare comparisons?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It reflects domestic production only
- 2It uses constant prices universally
- 3It accounts for cross-border factor incomes✓
- 4It excludes depreciation
Correct answer
It accounts for cross-border factor incomes
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