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Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
Units: Billions of Dollars, Seasonally Adjusted Annual Rate
Frequency: Quarterly
BEA Account Code: A261RC
Gross domestic income is an alternative way of measuring the nation's economy, by counting the incomes earned and costs incurred in production. In theory, GDI should equal gross domestic product, but the different source data yield different results. The difference between the two measures is known as the "statistical discrepancy." BEA considers GDP more reliable because it's based on timelier, more expansive data.
U.S. Bureau of Economic Analysis, Gross Domestic Income [GDI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDI, .
Source: U.S. Bureau of Economic Analysis
Release: Personal Income and Outlays
Units: Billions of Dollars, Seasonally Adjusted Annual Rate
Frequency: Monthly
BEA Account Code: W823RC
Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.
A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)
U.S. Bureau of Economic Analysis, Personal current transfer receipts: Government social benefits to persons: Social security [W823RC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W823RC1, .
Gross Domestic Income
Annual, Not Seasonally Adjusted Millions of Dollars, Quarterly, Not Seasonally AdjustedPersonal current transfer receipts: Government social benefits to persons: Social security
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