GNI is more useful than GDP when trying to determine the income level of the residents of a given country because GDP
a) Only includes the cost of goods produced and sold, and does not include income from services
b) Is inflated to include government contracts that may or not be paid within the next year
c) is calculated by private firms, while GNI is calculated by a country's government
d) Fails to include the economic losses experienced by firms within a country's borders
e) Includes the profits of foreign companies, most of which will leave the host country
Answer: e) Includes the profits of foreign companies, most of which will leave the host country
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Principles of Marketing
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