Showing posts with label Gross Domestic Product. Show all posts
Showing posts with label Gross Domestic Product. Show all posts

2010-06-09

Share of Income

We read a news report that GDP Gross Domestic Product increased at an annual rate of 3% in 10Q1 (Bureau of Economic Analysis, May 27, 2010). How fairly was this increase shared among the population? We find indications that a disproportionate share of the related income, perhaps the entire increase, may have gone to the wealthiest 20% of households.