Question

Gross National Income (GNI) is measured differently than Gross National Product (GDP). Choose the correct term to complete each sentence on the calculation of GNI. GDP is calculated by adding the income of all entities in the US. Then GNI is calculated by adjusting GDP first by deducting made to other countries from received from other countries. Then, are subtracted from the received from other countries. Finally, property and business-related transfer payments made to other countries for foreign income are deducted.Gross National Income (GNI) is measured differently than Gross National Product (GDP). Choose the correct term to complete each sentence on the calculation of GNI. GDP is calculated by adding the income of all entities in the US. Then GNI is calculated by adjusting GDP first by deducting made to other countries from received from other countries. Then, are subtracted from the received from other countries. Finally, property and business-related transfer payments made to other countries for foreign income are deducted.

Answer 1

Answer:

Payments, Compensations, Taxes, Subsidies

Step-by-step explanation:

Answer 2

Answer:

Then GNI is calculated by adjusting GDP first by deducting PAYMENTS made to other countries from COMPENSATIONS received from other countries.

Then, TAXES are subtracted from the SUBSIDIES received from other countries.

Step-by-step explanation:

Gross national income (GNI) or gross national product (GNP) is equal to the total income earned by individuals and companies of a country. GNI is different to GDP since it can include income earned in foreign countries, while GDP includes all the production of final goods and services produced within a country's boundaries. For example, the GNI would include Apple's income earned in all the world, not only the US, while GDP would include only income earned inside the US.