The equality between GDP and gross domestic income implies that income generated by final goods and services is equal to Question options: personal consumption expenditures. gross private domestic investment. expenditures on final good and services. total wages and other employee compensation. personal consumption expenditures. gross private domestic investment. expenditures on final good and services. total wages and other employee compensation. Solution The equality between GDP and gross domestic income implies that income generated by final goods and services is equal to expenditures on final good and services..