GMS 724 Study Guide - Midterm Guide: Gross National Income, High Standard Manufacturing Company, Gross National Product
11 Nov 2018
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Chapter 3 - measuring economic development, performance , and. Brazil and india are referred to as emerging markets or emerging economies: currently, there are approximately 30 or so emerging countries in the world, notwithstanding the variability, the core group consistently includes brazil, United states and many in western europe: less commonly, these countries are called high-income countries, advanced markets, or industrial countries. In the future, we may see the united states and similar countries called established market economies (emes), given their high per capita income, high standard of living, and sophisticated institutional framework but comparatively slower growth. Gross national income: gross national income (gni) is the broadest measure of a country"s economy. Gross domestic product: the total value of all goods and services produced within a nation"s borders, no matter whether domestic or foreign-owned companies make the product, is reported as the gross domestic product gdp.
