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GLOBAL ECONOMICS

GLOBAL ECONOMICS FOR MANAGERS

TermDefinition
purchasing power parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase.
Foreign Direct Investment (FDI) Investment in, controlling, and managing value-added activities in other countries.
Gross Domestic Product (GDP) The sum of value added by resident firms, households, and governments operating in an economy.
Gross National Product (GNP) GDP plus income from non-resident sources abroad.
Gross National Income (GNI) GDP plus income from non-resident sources abroad. GNI is the term used by the World Bank and other international organizations to supersede the term GNP.
Created by: ElTioBabalu
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