In a Few Sentences,explain How the World Bank Measures Global

Question

Examlex · Accepted Answer

The Answer is The gross national income (GNI)per capita is a measure of a country's yearly output of goods and services per person.Because GNI figures are overall averages,they hide the substantial differences between countries.This means that the increasing gap between poor and rich countries is hidden when the GNI is used to measure global inequality.Also,the GNI includes only goods and services that are produced for cash sale.This excludes people who work and trade in the informal economy.The statistics used in the GNI do not account for these types of transactions.More generally,this measurement assumes a country's worth based solely on the economy and ignores noneconomic indicators.Students might also mention that this measure can also hide inequalities between people within the countries it is measuring.

In a Few Sentences,explain How the World Bank Measures Global

Definitions: