'Gross domestic income' slated to offer another look at output.
If the Fed doesn't like -1.1% GDP in the first quarter, soon officials will be able to point to another set of numbers instead. The Commerce Department will introduce 'gross domestic income' on June 30.
As the name of the indicator suggests, instead of looking a expenditures, it will calculate growth via incomes.
The Wall Street Journal takes a closer look.
