(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
(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
Piketty's Blind Spot
September 12th, 2014
Comment
Justice Thomas, the Court, States Rights and Moving On
July 1st, 2013
Comment
In Memoriam: Linda Whetstone (1942-2021)
December 17th, 2021
Comment
Gesucht: Jung – Christlich – Politisch
May 21st, 2013
Comment
Is there a Covid-19 inflation puzzle?
August 28th, 2020
Sendinblue Newsletter