Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
?
Lv 7
? asked in Social ScienceEconomics · 5 months ago

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

2 Answers

Relevance
  • ?
    Lv 5
    5 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 7
    5 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.

Still have questions? Get your answers by asking now.