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life in rural nebraska

GDP Growth

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We reported a couple days ago that the federal government released information that the economy is growing.  Using the Gross Domestic Product, they estimate that as of the 3rd quarter, the economy is clocking in at over 3% growth.  Here’s my question for you:  is the GDP a good indicator of growth?  What is a better estimate if not the GDP?  Remember, through the recession, China experienced steady 7% growth whilst the world economy contracted.  That’s something to think about.

econgrowth

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Written by Caleb

October 29, 2009 at 1:57 pm

2 Responses

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  1. […] a comment » As I questioned earlier this week, there’s a catch to the 3.5% GDP growth:  consumers aren’t spending.  […]

  2. […] the aftermath of the recession.  Yes, I really do think about these things in my free time   About three weeks ago I talked a bit about the signs the US economy is showing of actual growth.  You can read here and […]


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