Trump’s Flawed Claim that Tariffs Made the U.S. Its ‘Richest’
In arguing for more tariffs on goods imported to the United States, President Donald Trump has repeatedly claimed that the ...
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Gross domestic product: Grossly inadequate as a measure of well-being
Specifically, the world’s GDP-fixation seems asymmetrical with its limited function as an estimate of production in an economy. For example, it is worth asking whether growth represented by GDP ...
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US Commerce Secretary wants to remove government spending from GDP
WASHINGTON, March 2 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication ...
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Classification of the Functions of Government (COFOG)
COFOG is a comprehensive international standard classification of public expenditure broken down by main purpose. This includes Defence, other items are for example Education or Public Healthcare.