GDP is a Bad Indicator

GDP,  we hear about it all the time, and whatever it is makes nations cry when it (technically, real GDP growth) decreases and celebrate when it chugs along at 3%. But what the heck is it really indicating? And is it even good at its job?? In short, GDP is a measure accumulating all of a nation’s production to indicate the nation’s wealth, and, also in short, it’s not that accurate or helpful. See GDP was developed during the great depression to help take stock of what was actually going on in the American economy – so that people could Continue reading GDP is a Bad Indicator