What does GNI Stand for?
GNI stands for Gross National Income
Define (GNI) Gross National Income?
(GNI) means ''Gross National Income'' is the total value of goods and services produced in a country and net incomes earned from the abroad. The national income contains the (GDP) Gross domestic product and net incomes from abroad.
How to Calculate GNI?
Formula :
GNI = GDP + NIFA
GNI Means Gross National Income
GDP Means Gross Domestic Product
NIFA Means Net Incomes from Abroad
What is Gross National Income?
Gross National Income is the product of the incomes earned by the nationals whether they are present in the country or not. the Summation of all the earning is called gross national income.
Is there any Difference Between GNP or GNI?
these both terms start with G that means gross represents the total final value of goods and services but the depreciation is not yet deducted from this value that's why this value is gross value.
How to Come from Gross to Net?
If we want to come from the Gross value of anything to the net value simply we have to Deduct the value of depreciation from the gross value the resultant value is net value.
Gross Value - Depreciation = Net value
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