Wall Street Journal (April 23)
2014/ 04/ 24 by jd in Global News
On Friday, “the Bureau of Economic Analysis will release a new way to measure the economy each quarter.” Gross output is a supply side figure, nearly twice as large as GDP, and “the first significant macroeconomic tool to come into regular use since gross domestic product was developed in the 1940s.” Gross output is “a better, more comprehensive measure of the nation’s economic activity than GDP, and a better indication of the economy’s growth prospects.”
