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
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