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This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for …. The results show that first published estimates of annual real GDP growth rates in all the six economies are revised … annual real GDP growth rates in the first, second, third, and latest years after their initial release. Revisions to first …
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Gross domestic product (GDP) is the key indicator of the health of an economy and can be easily compared across … countries. But it has limitations. GDP tells what is going on today, but does not inform about sustainability of growth. The … majority of time is spent in home production, yet the value of this time is not included in GDP. GDP does not measure happiness …
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