Here's why the go-to metric for assessing economic strength is far from perfect — and might need an update

Here's why the go-to metric for assessing economic strength is far from perfect — and might need an update

Business Insider

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· *Gross domestic product has long served as the standard measurement for national economies, with its historical precedent and simplicity making it appealing to everyone from economists to investors.*
· *However, the formula for GDP leaves out factors that are growing increasingly crucial in today's economy.*
· *Some...

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