GNI Flashcards
1
Q
what is GNI?
A
gross national income is the total money earned by a country, including GDP and foreign resources (e.g. foreign aid, imports, exports)
2
Q
what is GNI per capita?
A
the average income of a person
3
Q
how do you calculate GNI per capita?
A
GNI per capita = GNI / population
4
Q
why does the UK give foreign aid?
A
- to boost reputation
- to build foreign relations
- as part of their responsibility to provide for countries that were in the British Empire
- to build up the other countries’ economy for future trade possibilities
5
Q
why are there issues related to the UK giving foreign aid?
A
as there is poverty, regional imbalance and inequality that need to be solved in the UK as a priority
