You are the content you publish.
Sign up with Facebook
Sign up with Twitter
I don't have a Facebook or a Twitter account
Start a free trial of Scoop.it Business
"Until the Great Depression, nobody talked about 'the economy.' In a sense, it hadn't been invented yet."
Are you sure you want to delete this scoop?
A little history here, What we call the GDP is not really scientific #GDP #NationalIncome #indicator #health
Seth Dixon has it right.
The parameters of the measure of the economy are so broad that the numbers don't really mean anything. Each country counts different things. The GDP of the US cannot be compared to the GDP of other countries because the cost of living in each place is so wildly different. When compared to Japan our economies are close but compared to any country in Africa they are completely different. Measurement of the economy is not an overly useful number.