City-Data Forum Big difference between GDP per capita and Income per capita
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Today, 10:10 AM
 989 posts, read 3,506,793 times Reputation: 357

Quote:
 Originally Posted by lieqiang In other words, the former uses aggregate data so includes people no income, while the latter is a snapshot of the average of people who have income.
Respectfully disagree. The latter also includes every man, woman and child. That's what PER CAPITA means. Check out this calculation.

According to BEA, aggregate personal income (2017) = 17.164 tril. (https://www.bea.gov/system/files/201...i1118_hist.pdf)
U.S. population (including every man, woman, child) = 325.7 mil.
Personal income per capita = 17.164 trillion / 325.7 mil = \$52,698 (similar to FED calculation)

If you want to claim your quoted statement is still true, please provide proof or calculation.

Today, 12:33 PM
 Location: Aurora Denveralis 4,066 posts, read 1,367,067 times Reputation: 5735
Quote:
 Originally Posted by acegolfer If you want to claim your quoted statement is still true, please provide proof or calculation.
Woody Allen would be challenged to come up with a better punchline to this thread.

So you pick two economic indicators, look up some random values for them without paying attention to the basis or period, wonder why they are so far apart, basically ignore everything that's said to you on the topic, suddenly find OTHER random values that make you feel better, follow by questioning the methods used for the first values you picked, still don't seem to have a clue about how these indicators actually interrelate, then demand someone else prove his points.

Just curious: Are you an "ace golfer" because you carry an eraser?