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Aug 25, 2022

2 measures provide 2 very different views of the economy

While gross domestic product shrank in the second quarter, gross domestic income increased. That’s creating a puzzling picture of where the economy stands.

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NEW YORK, NEW YORK - JULY 13: Financial news is seen on a television screen as traders work on the floor of the New York Stock Exchange during morning trading on July 13, 2022 in New York City. The stock market opened on a low note amid the release of inflation data by the Labor Department that showed U.S. inflation reaching 9.1% in June, the highest rate in nearly 41 years that has resulted in an increase in prices for gas, food and rent.
NEW YORK, NEW YORK - JULY 13: Financial news is seen on a television screen as traders work on the floor of the New York Stock Exchange during morning trading on July 13, 2022 in New York City. The stock market opened on a low note amid the release of inflation data by the Labor Department that showed U.S. inflation reaching 9.1% in June, the highest rate in nearly 41 years that has resulted in an increase in prices for gas, food and rent.
Michael M. Santiago/Getty Images

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2 measures provide 2 very different views of the economy