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One of the methods of computing GDP is total income. So I would hardly say they are unrelated.
by zeroonetwothree 4y ago
One of the methods of computing GDP is total income. So I would hardly say they are unrelated.
- eru 4y agoYes, gross domestic income and gross domestic product _should_ be exactly the same, if accounting was 100% accurate. That they are different in practice is sort-of a measurement error.
- PeterisP 4y agoWouldn't there be a difference in cases where due to foreign ownership and capital extraction some money would get counted as GDP in one country but GDI in another?
- eru 4y agoThat's not really a problem as far as I can tell. The standard definitions take care of this. Maybe you are confused about gross domestic product vs gross national product?