New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Fill in the Blanks _____________ measures what

    the economy produces: goods, services, technology, intellectual property. _________ measures what the economy makes, tracking things like wages, profits, and taxes
    A GDP, GDP Correct Answer Incorrect Answer
    B GDP, GDI Correct Answer Incorrect Answer
    C GDI, GDI Correct Answer Incorrect Answer
    D GDI, GDP Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Gross domestic income (GDI) is a lesser-known calculation stat used by the Federal Reserve to gauge economic activity based on income. It differs from gross domestic product (GDP), which gauges economic activity on expenditure.

    Practice Next