GDP might show a big pop on Wednesday, but not because the U.S. economy has gotten much better. It hasn’t. Here’s how to scope out the second-quarter report on gross domestic product, the official ...
GDP is a worthless calculation. It goes down as imports increase, it goes up as government spending does, and it increases not due to productivity, but if production of any kind has happened. In other ...
The world needs to move towards an approach to measure well-being rather than economic growth. Here’s how that can happen. Gross domestic product (GDP) was never designed to be a measure of societal ...
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