Homework SourseCompare and contrast the merits of GNI Net National Product
Compare and contrast the merits of GNI, Net National Product, and Your Better Life Index as indicators of economic performance in Brazil, Russia, China, and India.
Solution
Gross Nationa Income :It is the total of national output and foreign output togetherly claimed by the residents of a country
The Common Merits for the Given Countries:
GNI can be used in higher income economies like india Brazil russia and china
The Atlas method is used to convert the curriencies
NET NATIONAL PRODUCT:
The monetary value of finished goods and services produced by the citizens of a country.
NNP can be consumed by the own country without reducing the amount can be used in the next following years
NNP=GNP-Depreciation(GNP= Gross national Product)
Better Life Index:
it is used to compare some of the important factors like education,housing,Environment
The Better life index at Brazil is moderate
because still people in brazil is facing with starvationproblem
| Brazil | Russia | China | India |
| The Better life index at Brazil is moderate because still people in brazil is facing with starvationproblem | Russia to be treated as one of the Deveoped nations and socialistic in nature has a good better life index | China the most Develped nations in the world has been focusing this for many years and want to make thier nation as the best Better life index for thier people | India the most promising nation in the world and developing more Graduates Still facing with this problem and in coming future will be called as no starvation nation |
