If official figures overstated the growth of banking output in the UK in the recent boom, does this mean that GDP … other industry or industries must have been understated, leaving GDP relatively unaffected. The reason is that the Office … for National Statistics measures the real growth of GDP primarily from the expenditure side. And from the expenditure side …

Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British … government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of … welfare; 2) Growing GDP is pointless since most people don't benefit; 3) Raising GDP per capita is pointless as it doesn …

consumption as a proportion of GDP. …

relative price of ICT products boosts the growth of GDP and consumption by inducing faster accumulation of ICT capital. I …

crisis also reduces the long-run level of capital per worker by an average of about 1%. The effect on GDP per capita is about … double the effect on GDP per worker since there is a long-run, negative effect on the employment ratio. …