Gross domestic product is generally ________ national income.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. National income is the total income earned by the citizens and companies of a country, whether domestically or abroad. GDP includes income earned by foreigners within the country, while national income does not. Therefore, GDP is generally greater than national income.

Gross Domestic Product Is Generally ________ National Income