A New Way to Measuring the GDP in the COVID-19 Crisis : The Input-Output Electronic Online Transactions Monitoring System (IOEOTM-System)

This paper proposes a new national account system to calculate the GDP in the COVID-19 crisis. The new national account approach is entitled "The Input-Output Electronic Online Transactions Monitoring System (IOEOTM-System)." The IOEOTM-System is based on the interaction among four main strategic sectors (producers, sellers, logistic, and final consumers) by "i" number of strategic sub-sectors under the uses of "j" number of goods and services. The main idea is to generate an alternative national account system for the COVID-19 crisis under the total electronic transactions online accounting daily, monthly, and yearly to elaborate the economy's final output under the GDP-Surfaces construction