Review:
Net National Income (nni)
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Net National Income (NNI) is the total income earned by a country's residents and businesses, including depreciation costs, after accounting for foreign investment and payments to other countries.
Key Features
- Includes depreciation costs
- Accounts for foreign investment
- Considers payments to other countries
Pros
- Provides a more accurate measure of a country's income compared to GDP
- Reflects the net income available for consumption and savings within a country
Cons
- Can be complex to calculate and interpret
- Does not account for non-monetary contributions to well-being