In principle, domestic production should for the most part “trickle down” to domestic households, which implies that, absent measurement and methodological considerations and controlling for shifts in terms of trade, the elasticity of average household disposable income to GDP per capita should be close to one in the long run. Associated distributional patterns depend on the differential effects of GDP per capita growth across income groups. The question is then whether economic growth “lifts all boats”, including incomes at the lower end of the distribution.