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Dictionary of Political Economy
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Explore concepts and ideas by look up terms, phrases and jargon related to economics with this reference work Dictionary-of-Political-Economy.
 
Created By: Dr. Paul M. Johnson

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Term of the day

Gross domestic income (GDI)

Dictionary of Political EconomyBEA Economic Analysis Dictionary
 The costs incurred and the incomes earned in the production of gross domestic product (GDP). In theory, GDI should equal GDP, but in practice they differ because their components are estimated using largely independent and less-than-perfect source data. The difference between the two is termed the statistical discrepancy.
Source: U.S. Bureau of Economic Analysis
 

Popular Terms

Income receipts on assets

NTDB

Establishment

Equity capital flows (direct investment)

Fixed investment
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