|

Beyond GDP: Get Ready For A New Way To Measure The Economy

  forbes_current issue by Mark Skousen

(This story appears in the December 16, 2013 issue of Forbes.)

“A balanced Input-Output framework…provides a more accurate and consistent picture of the U. S. economy.”

Starting in spring 2014, the Bureau of Economic Analysis will release a breakthrough new economic statistic on a quarterly basis.  It’s called Gross Output, a measure of total sales volume at all stages of production. GO is almost twice the size of GDP, the standard yardstick for measuring final goods and services produced in a year.

Continue reading …

  forbes_logo_white

The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.

Do you like the article?

We are glad you do! Please consider donating if you want to read more articles like this one.


Warning: Undefined array key "visual_appearance" in /austriancenter.com/subdomains/www/html/wp-content/plugins/give/src/Views/Form/Templates/Classic/Classic.php on line 203

Related

  • October 30th, 2017

  • September 5th, 2013

  • March 22nd, 2013

  • June 6th, 2016

  • July 25th, 2018

SHARE THIS ARTICLE!
JOIN OUR COMMUNITY AND STAY UPDATED!

Sendinblue Newsletter