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GDP: does it measure up?



How is the total value of all the goods and services produced in a country?s economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. This month?s newsletter explains GDP components and how it is calculated. It also describes what GDP does?and does not?measure.

Suggested Citation

  • Scott A. Wolla, 2013. "GDP: does it measure up?," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, issue may, pages 1-3, May.
  • Handle: RePEc:fip:fedlpo:y:2013:i:may

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    Cited by:

    1. Miglo, Anton, 2004. "Pecking order theory for government finance," MPRA Paper 89017, University Library of Munich, Germany, revised 2018.

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