Question

What is the relationship between GSDP and State Income?

• A. They are completely different concepts.
• B. They are generally used interchangeably to refer to the same concept.
• C. GSDP is a component of State Income.
• D. State Income is a component of GSDP.

Answer 1

Answer:

B. They are generally used interchangeably to refer to the same concept.

• GSDP is often referred to as State Income.