NEWS + ANALYSIS
MARK SKOUSEN

NEWS + ANALYSIS

GO BEYOND GDP: FINALLY, A BETTER WAY TO MEASURE THE ECONOMY

April 29, 2014 | by Mark Skousen

What is Gross Output? It is a measure of total sales volume at all stages of production, what we call the "make" economy. It includes all business-to-business transactions (B-to-B). GO hit $30 trillion in the 4th quarter of 2103, almost twice the size of GDP ($17 trillion). GDP is the standard yardstick for measuring final goods and services produced in a year, what we call the "use" economy. This is the first new economic aggregate since Gross Domestic Product (GDP) was introduced over fifty years ago.

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