Who does GDP number among its supporters. (using the gross domestic product instead of the gross national product to measure economic growth) (Column)

From: Futures (Cedar Falls, IA) | Date: November 1, 1991| Author: | Copyright information

Who does GDP number among its supporters?

Uncle Sam's campaign to provide more reliable economic data and better conform with international accounting practices will bring some flashes to news screens this month.

Gross domestic product (GDP), rather than gross national product (GNP), will be the emphasis of the Commerce Department's third-quarter economic growth report.

Commerce argues GDP is a better measure for short-term monitoring and analysis of the economy and is especially vital when viewing the 1990-91 recession.

For example, GNP sometimes can skew the ...

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