Question

The GNI of the Philippines is almost as high as its GDP because: Accounting for GNI...

The GNI of the Philippines is almost as high as its GDP because:

Accounting for GNI is much easier than accounting for GDP in an archipelago.

The government enforces strong economic protections for the lower class.

Its overseas worker population sends back considerable remittances to family members.

GNI and GDP measure the same thing.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Its overseas worker population sends back considerable remittances to family members.

(Philippines' economy is highly based on remittances. Its oversees worker population sends back considerable remittances due to which its GNI is almost as high as its GDP)

Add a comment
Know the answer?
Add Answer to:
The GNI of the Philippines is almost as high as its GDP because: Accounting for GNI...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT