It occurred to me after seeing a video about England’s low GDP per capita, that Income per capita is the amount workers receive (before taxes), so the difference I think, is the amount taken by companies as profit. Am I missing something? Seems right to me
One company’s costs are another company’s product or service, so they are included. However it doesn’t include costs from international vendors. I’m sure there’s more I can’t think of
Imports are subtracted from gdp.
I said GDP doesn’t include purchases from international vendors. They’re not subtracted they’re never included to begin with
Subtracting imports is specifically included in the GDP calculation.
I just looked it up and you’re right. I didn’t know that