What does it mean when GDP is lower than average household income?

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  • 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 6
    2 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.

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