An article on bloomberg.com observes that GDP and GDI are both estimates of the size of the

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An article on bloomberg.com observes that “GDP and GDI are both estimates of the size of the economy. . . . They should in theory add up to the same amount, but they apparently never do, even after multiple rounds of revisions.”

a. Why in theory should GDP and GDI have the same value?

b. Why are the values that the BEA reports for GDP and GDI almost always different?

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 06, 2024 06:00 AM

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An article on bloomberg.com observes that GDP and GDI are both estimates of the size of the

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Step by Step Answer:

a In theory GDP Gross Domestic Product and GDI Gross Domestic Income should have the same value because they represent two different approaches to mea...View the full answer

Economics

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