> GDP isn't income at all, they're completely different metrics.
Please explain where income comes from if not from the sum of goods and services produced?
Please explain where income comes from if not from the sum of goods and services produced?
but either way, he's fundamentally right.
US GDP in 2021 was $23 trillion. US GNI (national income) im 2021: was $23.3 trillion.
"monetary flows"
You're right, remittances and foreign aid are income but not GDP.