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
×
×