Wednesday, October 31, 2012

DailyMarkets.com - Sandy And GDP

DailyMarkets.com - Sandy And GDP


Sandy And GDP

Posted: 31 Oct 2012 08:27 AM PDT

Natural disasters, like Hurricane Sandy, provide periodic reminders, not of the shortcomings of GDP necessarily, but what GDP is designed to measure and what it is not designed to measure.
The definition of GNP I think I recall from my college days is that it is the total dollar value of all goods and services produced during a year. The shift from GNP to GDP a few years back put the emphasis on production by labor and property located in the United States rather than production by U.S. … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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Posted: 31 Oct 2012 08:18 AM PDT

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