Look at median, and not mean GDP per capita

Re:Look at median, and not mean GDP per capita by nohuck13 on Sunday August 07, 2022 @07:35PM (#32380972)

> GDP isn't income at all, they're completely different metrics.

Please explain where income comes from if not from the sum of goods and services produced?

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Re:Look at median, and not mean GDP per capita by ACow_Adonis on Sunday August 07, 2022 @07:45PM (#32381041)

well, for a start, flows and holdings on foreign investments, interest and monetary flows, international trade, consumption of existing stock (depending on your particular definition of income).

but either way, he's fundamentally right.

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Re:Look at median, and not mean GDP per capita by nohuck13 on Sunday August 07, 2022 @08:48PM (#32381371)

No, it's just wrong to say they're completely different metrics. The Venn diagram between the economic activity measured by GNI (national income) and the economic activity measured by GDP is almost a circle.

US GDP in 2021 was $23 trillion. US GNI (national income) im 2021: was $23.3 trillion.

"monetary flows"

You're right, remittances and foreign aid are income but not GDP.

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