As mikeu has said, if gravitational time dilation is not taken into account, a time error between the ground and the satellites accumulates at the rate of about 39 millionths of a second per day. Distance is determined by timing signals that pass between the ground and the satellites. A rough estimate on the error in position that this causes can be obtained by calculating the distance that a signal moving at the speed of light travels in 39 millionths of a second. This gives 11.6 kilometres.
To show this, I'm going to play fast and lose with differentials, but I am not going to split things up into different effects. The analysis that I give below isn't as accurate or as detailed as Ashby's, but it's still pretty good.
The Schwarzschild metric reveals (almost) all!. Let m be the mass of the satellite and M be the mass of the Earth. For \theta=\pi/2, the Schwarzschild metric is
<br />
d\tau^{2}=\left( 1-\frac{2M}{r}\right) dt^{2}-\left( 1-\frac{2M}{r}\right) <br />
^{-1}dr^{2}-r^{2}d\phi^{2}. <br />
Consider 2 clocks, 1 rotating along with the Earth on the Earth's surface and one in an orbiting satellite. Boths clocks have constant r values, so dr=0 for both clocks, and, after factoring out a dt^{2} the above equation becomes
<br />
\left( \frac{dt}{d\tau}\right) ^{2}=1-\frac{2M}{r}-v^{2}, <br />
where v=rd\phi/dt is, approximately, the speed of something moving along a circular path. Use this equation twice - once for the clock on the Earth and once for the clock on the satellite.
How is v found? By using Newtonian gravity in flat space(time)! I will proceed without justifying this approximation. A clock at the equator on the Earth moves 1 Earth circumference in 1 day, so
v_{Earth}=\left( 2\pi r_{Earth}\right) / \left( 1 day\right) = 1.544\times10^{-6} <br />
in relativistic units. For the satellite, setting centripetal force equal to Newtonian gravitational force results in
<br />
m\frac{v_{sat}^{2}}{r_{sat}}=\frac{GmM}{r_{sat}^{2}}. <br />
Using this with v_{sat}=\left( 2\pi r_{sat}\right) /T, where T=12 hours is the period of the satellite's orbit, gives r_{sat}=2.611\times10^{7} and v_{sat}=1.2910\times10^{-5}.
Now,
<br />
\frac{d\tau_{sat}}{d\tau_{Earth}}=\left( \frac{d\tau_{sat}}{dt}\right) \left( \frac{d\tau_{Earth}}{dt}\right) ^{-1}=\sqrt{\frac{1-\frac{2M}{r_{sat}}-v_{sat}^{2}}{1-\frac{2M}{r_{Earth}}-v_{Earth}^{2}}}. <br />
Plugging values into some calculators won't work because the result is
<br />
\frac{d\tau_{sat}}{d\tau_{Earth}}=1.0000000004479=1+4.479\times10^{-10} <br />.
The error accumulated over the course of one day is 4.479\times10^{-10}\times 1 day=38.7\times10^{-6} seconds.
Regards,
George