(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.
Comment
|
December 5th, 2013
Beyond GDP: Get Ready For A New Way To Measure The Economy
by Mark Skousen (This story appears in the December 16, […]
(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 …
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Related
Comment
A Roadmap Towards the Europe We Want
November 19th, 2020
Comment
QE is not the answer to Europe’s problems
February 11th, 2015
Comment
FreedomFest Responds to Donald Trump’s “Trade War”
July 9th, 2018
Comment
The Creative Society
May 29th, 2015
Comment
Srbija da reformiše državni aparat
May 6th, 2014