Why Is Per Capita GNI Useful as a Measure of Wealth

question 49

Short Answer

Why is per capita GNI useful as a measure of wealth only in countries that are based on a cash economy?

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Definitions:

World Bank

A worldwide finance institution that provides funding and grants to underprivileged countries' governments to help finance capital projects.

World Trade Organization

An international organization that regulates international trade with the aim of ensuring that trade flows as smoothly, predictably, and freely as possible between nations.

Rich Benefits

Substantial or generous advantages or profits gained from a particular situation, occupation, or activity.

Practices and Policies

Established methods of action and formal guidelines within organizations or societies.