Page One Economics: GDP: Does It Measure Up?
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- Page One Economics: GDP: Does It Measure Up?
- Reserve Bank
- St. Louis
How is the total value of all the goods and services produced in a country’s economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. The May 2013 newsletter explains GDP components and how GDP is calculated. It also describes what GDP does—and does not—measure.
The Federal Reserve System