Gross domestic income (GDI)

Gross domestic income (GDI),

Definition of Gross domestic income (GDI):

  1. Gross domestic income (GDI) is a measure of U.S. economic activity based on all the income earned while engaged in producing all the goods, services, and anything else that constitutes that economic activity.

  2. This statistic is roughly equivalent to the GDP although differences in calculation mean the published numbers vary slightly. It represents the total of all forms of income generated by the production of goods and delivery of services nationwide. It includes taxes, income earned by employees, and profits from operating businesses. Any subsidies are subtracted from this amount to find the total gross domestic income.

  3. Gross Domestic Income (GDI) is the lesser-known statistic, gross domestic product (GDP) being the more popular metric, used by the Federal Reserve Bank to measure the total economic activity in the United States.

How to use Gross domestic income (GDI) in a sentence?

  1. Gross domestic income (GDI) is a measure of U.S. economic activity based on all the income earned while engaged in producing all the goods, services, and anything else that constitutes that economic activity.
  2. GDI calculates the income that was paid to generate gross domestic product (GDP).
  3. One of the core concepts in the field of macroeconomics is that income equals spending, which means that an economy at equilibrium will show that GDI is equal to GDP.

Meaning of Gross domestic income (GDI) & Gross domestic income (GDI) Definition