For an Idaho case study of distinguishing median household income from per-capita gdp, which statement is best supported?
Note
State GDP divided by a compatible population estimate is the correct choice. GDP per capita is average economic output per resident, not a measure of typical individual income.
The Bureau of Economic Analysis measures state GDP as economic production, not household income or tax revenue. Nominal dollars and inflation-adjusted output answer different questions. Always check the measurement, reference year, and geographic boundary before comparing figures.
