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SUMMER SCHOOL 2: GDP & What Counts
Planet Money
What Does GDP Really Do?
Economist Diane coyle says g d p was never intended to measure overall well being or a nation's standard of living. Certain things that are bad actually make g d p go up, like hurricane damage that costs a lot to fix. In the us, the black market does not count toward g t p, but in some other countries it does.
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