Unit 5 (measures of development *1)

Question 1

GDP

Answer 1

Gross Domestic Product
Money amount of goods and services produced in a country

Question 2

GNI

Answer 2

Gross National Income
Income of residents and businesses in a country

Question 3

GNP

Answer 3

Gross National Product
Income of people from that country (excludes foreigners, includes abroad workers)

Question 4

Gini coefficient

Answer 4

Inequality between the income of residents (lower the better).