Mankiw, again.
From Chapter 2 of Macroeconomics:
"The goal of GDP is to summarize in a single number the dollar value of economic activity in a given period of time."
Challenging the Premisses
| Start with the debt problem, three views of it,
and the most important thing. Here's a longer look at the debt problem.
Here's a short one on economic policy, some surprising trends, and a few unusual policy recommendations. How'd we get into this mess? Read Policy Venn and Policies of the Venn Overlap. Still with me? Read A Matter of Life and Death. And for an overview, download my 12-page PDF |
"The goal of GDP is to summarize in a single number the dollar value of economic activity in a given period of time."
