The growing mysteries of the GDP. (gross domestic product)(Column)

From: U.S. News & World Report | Date: October 30, 1995| Author: | Copyright information

The gross domestic product economic statistic seems to be a less favorable way to measure economic growth. The amount of criticism over the way in which it is computed has led to some changes, but these changes may show the economy is weaker than believed.

How are we doing? In economic terms, we usually look to one measurement above all others for the answer-the GDP. That's the gross domestic product, or the estimated $7 trillion value of all the goods and services that our economy now produces. But with Americans losing confidence in all sorts of institutions, sooner or later it had to ...

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