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Environmental Economics Dictionary
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Explore concepts and ideas by look up terms, phrases and jargon related to economics with this reference work Environmental-Economics-Dictionary.
 
Created By: Kenneth Acks

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Term of the day

Gross domestic income (GDI)

Environmental Economics DictionaryBEA 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

Households and institutions sector

Capital expenditures

Input-output (I-O) output multipliers

End-use

Current receipts from the rest of the world
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