gross national income
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
A measure of a country's total economic output, including income earned abroad by its residents and companies.
Usage notes
Closely related to GDP, but GNI includes income earned abroad, while GDP only counts output produced within a country's borders.
Test yourself
Which word fits the gap? "_____ is often used alongside GDP to compare the wealth of different countries."
Answer: gross national income
In your own words, what does "gross national income" mean?
A measure of a country's total economic output, including income earned abroad by its residents and companies.
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