Government Information

Earl Gregg Swem Library

A Better Measure of Economic Growth: Gross Domestic Output (GDO)

Categories: Business/Economics,Income/Poverty,Labor/Employment,Statistics

https://www.whitehouse.gov/sites/default/files/docs/gdo_issue_brief_final.pdf

Describes what Gross Domestic Output is (the average of GDP and gross domestic income), reviews its recent trends, and explains why it can be a more accurate measure of current economic growth and better predictor of future growth.  From the Council of Economic Advisers