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The key measure of the economy that most economists point to is GDP or Gross Domestic Product. This does not refer to the kids TV shows we produce in prime-time America; rather, it is the sum total of all goods and services that are produced in this country. You earn money here; it’s part of GDP. You spend money on that new GM car; ditto.
The guy who cuts your lawn; he is part of GDP. Your wife’s hairdresser; she, too is a piece of GDP. The only that GDP doesn’t cover is goods and servi...
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