AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
The Flaws of GDP Accounting Explained
The Human Action Podcast
Understanding GDP: The Role of Spending and Production
This chapter explores the intricacies and biases in GDP accounting, focusing on how government and consumer spending are treated equally. It critically examines the implications of these comparisons, arguing that government expenditures differ qualitatively from private spending despite their contributions to economic output.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode