What does it mean when GDP is lower than average household income?
- 2 months ago
GDP cannot be lower than the average household income. That's... not possible. The entire country's economy cannot be smaller than the income of a single household in that economy. That makes no sense.
- ?Lv 62 months ago
You might mean average GDP. The two sources of data are not consistent. Average household income is a consensus in every four year time. GDP is a time series in every quarter of the year. Average household income has more details about household than GDP, especially household debts.