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GDP is still the GOAT of economic statistics despite its many flaws

The Gross Domestic Product serves as a key indicator of a country's economic status, highlighting overall production. While it may not be perfect, there's a strong connection between GDP and quality of life measures. Detractors, such as political figures, often propose different metrics, yet none have gained significant traction. In the end, GDP serves as a fundamental tool for assessing economic…

GDP is still the GOAT of economic statistics despite its many flaws

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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