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GDP - The Stat of the Century

Devising a number called the Gross Domestic Product (GDP), was groundbreaking work, according to Commerce Secretary William Daley. The GDP is the standard measure of how fast the economy is moving in America. Other financial sherpas, such as Federal Reserve Board Chairman Alan Greenspan, have lavished similar praise on the value of the GDP. According to this Washington Post article, goods and services produced in America today are valued at more than $9 trillion. Find out how the GDP has evolved and why it is so important to the economic policy decision makers in this country.

Tue, 07 Dec 1999 23:46:24 -0800

Submitted by: Karin Call