What?s so Gross about the Domestic Product?

The Gross Domestic Product (GDP) is one of the fundamental ideas of introductory macroeconomics. That’s because GDP is the core of one of the best ways to measure citizens’ well-being. We’ll get to that in a future post, though. For now, let’s talk about what GDP measures, and pretend that we’re not going to allow [...]

Source: http://thebadeconomist.com/2011/03/17/whats-so-gross-about-the-domestic-product/

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