National Income Statistics Explained: GDP, GNI, NNI, and Adjustments IB, IGCSE, and A-Level Economics
This section explores those similarities and differences to provide a clearer picture of the relationship between GAAP income and taxable income. GNI is often used to compare the economic performance of different countries, track economic growth over time, and assess the overall standard of living. It can also be adjusted for purchasing power parity (PPP) … National Income Statistics Explained: GDP, GNI, NNI, and Adjustments IB, IGCSE, and A-Level Economics