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 [itex]m[/itex] be the mass of the satellite and [itex]M[/itex] be the mass of the Earth. For [itex]\theta=\pi/2[/itex], the Schwarzschild metric is
[tex]
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}. [/tex]
Consider 2 clocks, 1 rotating along with the Earth on the Earth's surface and one in an orbiting satellite. Boths clocks have constant [itex]r[/itex] values, so [itex]dr=0[/itex] for both clocks, and, after factoring out a [itex]dt^{2}[/itex] the above equation becomes
[tex]
\left( \frac{dt}{d\tau}\right) ^{2}=1-\frac{2M}{r}-v^{2}, [/tex]
where [itex]v=rd\phi/dt[/itex] 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 [itex]v[/itex] 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
[tex]v_{Earth}=\left( 2\pi r_{Earth}\right) / \left( 1 day\right) = 1.544\times10^{-6} [/tex]
in relativistic units. For the satellite, setting centripetal force equal to Newtonian gravitational force results in
[tex]
m\frac{v_{sat}^{2}}{r_{sat}}=\frac{GmM}{r_{sat}^{2}}. [/tex]
Using this with [itex]v_{sat}=\left( 2\pi r_{sat}\right) /T[/itex], where [itex]T=12 hours[/itex] is the period of the satellite's orbit, gives [itex]r_{sat}=2.611\times10^{7}[/itex] and [itex]v_{sat}=1.2910\times10^{-5}[/itex].
Now,
[tex]
\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}}}. [/tex]
Plugging values into some calculators won't work because the result is
[tex]
\frac{d\tau_{sat}}{d\tau_{Earth}}=1.0000000004479=1+4.479\times10^{-10} [/tex].
The error accumulated over the course of one day is [itex]4.479\times10^{-10}\times 1 day=38.7\times10^{-6}[/itex] seconds.
Regards,
George