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Do Alternative Measures of GDP Affect Its Interpretation?
- Source :
- Current Issues in Economics & Finance; Nov2009, Vol. 15 Issue 7, p1-7, 7p, 1 Chart, 3 Graphs
- Publication Year :
- 2009
-
Abstract
- The article focuses on the alternative measures of gross domestic product (GDP) and how they affect GDP's interpretation in the U.S. It emphasizes a measure that is different from other published series and capable of addressing economic issues by estimating investment in research and development (R&D), similar intangible items and fraction of wages paid to women. It shows the significance of GDP's correlation with unemployment and inflation in making it a good measure of the country's economy.
- Subjects :
- GROSS domestic product
ECONOMIC indicators
UNEMPLOYMENT
PRICE inflation
Subjects
Details
- Language :
- English
- ISSN :
- 19362374
- Volume :
- 15
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- Current Issues in Economics & Finance
- Publication Type :
- Academic Journal
- Accession number :
- 47684053