Business Activity | Domestic Capital Accounts | Exchange Rates | Government Receipts, Expenditures and Investment | Housing Market | Industry | Interest Rates | Monetary Aggregates | National Accounts | Personal Income and Outlays | Disposable Personal Income per capita | Population and Labor Market: Employment | Labor Force Overview | Unemployment | Price Indexes & Deflators | Prices | Trade and International Transactions | Transportation | US Automotive Market
Gross domestic product (GDP) , the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States. Because the labor and property are located in the United States, the suppliers—that is, the workers and, for property, the owners—may be either U.S. residents or residents of the rest of the world.
Gross domestic income (GDI), measures output as the costs incurred and the incomes earned in the production of GDP.
In theory, GDP should equal GDI, but in practice, they differ because their components are estimated using largely independent and less
than perfect source data. This difference is termed the “statistical discrepancy”.
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