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Tag: Gross Domestic Product

GDP not a sufficient measure

Posted on November 10, 2016November 9, 2016 by Sarah Liebig

In the tumultuous time following World War II, the U.S. and 44 other Allied countries met in New Hampshire for the Bretton Woods Conference to reconstruct the economic makeup of the global economy. It was here that Gross Domestic Product was set as a standard for countries to follow. The International Monetary Fund defines GDP…

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