What is GDP, and how are we misusing it?

by | April 18, 2016 12:11 am

Gross Domestic Product (GDP), and growth thereof, has been widely used over the years to measure economic progress. But what is GDP, and why does it matter? Mathematically it is the sum of consumption, investment and government spending (plus exports, minus imports). It is regularly cited in discussions related to the economic health and wellbeing…

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