You need to log-in or subscribe in order to use Student access.

GDP / GNI as a measure of living standards

This lesson looks at the difference between GDP and GNI, which many economists believe is the more accurate measure of a nation"s wealth. Lastly, the page illustrates the importance of factoring in the differences to living costs and the size of the population when making a comparison of living standards between one country and another and between the same country over time.Are national income statistics an accurate...

To access the contents of this site, you must subscribe.