The ICP provides data on the global distribution of the expenditure components of GDP, such as expenditure by individuals and households, by government, and on investment. 1 Figure 3 shows the ...
As GDP estimates the value of production in the US, imports are neither added nor subtracted conceptually. Everyone agrees that imports shouldn't be counted in measuring domestic production.
Gross domestic product is a controversial metric. Heterodox economists have long criticized politicians’ maniacal obsession with GDP growth, pointing to its relatively recent creation as a ...
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