
Ep. 130: Demystifying GDP
The Seen and the Unseen - hosted by Amit Varma
00:00
The Future of GDP
When GDP was invented, it was just supposed to be a measure of goods and services. But once you've come through such a complexities of the modern economy, is that same measure of GDP well equipped to capture all of these complications? And the short answer is no, because back then it was a very physical economy. You did not have all these technological innovations. Of course, the big difference is information, communication and technology age. These are mostly intangibles that you can't value in the market. So altogether, the measure of the output of the economy has become an imperfect measure at its best. It's almost like an artificial construct. I think I know where you find it fascinating
Transcript
Play full episode