Is GDP an Accurate Measure of Reality?

Tags: Keynes, Unemployment, U.S. Economy

09/19/2024 Frank Shostak

Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy.

Original article: Is GDP an Accurate Measure of Reality?

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