The gross domestic product (GDP) of a nation is an estimate of the total value of all the goods and services it produces during a specific period, usually a quarter or a year. Its greatest use is as a ...

Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...

This is an instructive story about the metrology of macroeconomic measurements. From the point of view of hard sciences, the economics profession does a great counterproductive work in order to hide ...