Ep. 130: Demystifying GDP
The Seen and the Unseen - hosted by Amit Varma
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The Negative Effects of GDP on the Economy
The popular imagination is almost as if the GDP is an objective fact, a single number like two plus two is equal to four. In 2010, Ghana changed the way they tweaked the way they measure their GDP and between November 5 and November 6, 2010, their GDP rose 60%. And nothing changed in the economy. It's just the way that you measure it, which is subjective, complicated. I mean, in the same spirit in the US around 2006, seven or so, or maybe a little bit later, the idea was you include software purchases as investment and R&D as investment rather than as an input cost. And because you started counting this as investment in 2013, the US GDP
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