I’m trying to relate GDP per capita to people’s incomes for the book I’m writing, and I’ve written this sentence over and over and over… Is something missing here? Can it be said better – less convoluted and more prosy? I really don’t like this sentence at all…
So that GDP per capita is more or less what we, the people and government of the US, earned, on average, after you subtract off unsold goods, stuff sold on the black market and criminal enterprises, money that got sent abroad, waste, corporate profits that aren’t distributed, creative accounting and rounding errors.
Updated the sentence marginally – added the words “corporate profits that aren’t distributed, creative accounting.” The sentence is more precise, but more unwieldy too… Help!
One more try, this time breaking it up:
So GDP per capita is more or less what we, the people and government of the US, earned, on average, after you subtract off a few other things. A big part of those “few other things” involve corporations. For instance, corporations often don’t distribute their profits to their owners in any given year, which means that those profits are part of GDP, but don’t quite trace back to any person’s income that year. Then there’s waste, unsold inventory, creative accounting, rounding errors, and money that gets sent abroad.
Better, but still not the 12th grade level I’m looking for. Anyone want to play editor?
Updated again, slightly. Money gets sent abroad, not sold abroad.