2min chapter

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Macroeconomics 2: GDP & What Counts

Planet Money Summer School

CHAPTER

GDP - What Is It?

After the war, g t p really sweeps the world. The people running these new global groups, they love g d p. Once you have a single number summing up your country's economy, it's tempting to rank countries by g d p like it's some kind of olympic competition. Robert kennedy calls out its shortcomings in 19 68. Yet the growth national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strengt our marriages.

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