Wednesday, April 16, 2008

Leave the GDP Alone


This is a article that is featured in the recent Time magazine. It is written about the GDP. Or the Gross Domestic Product. Currently the government is going to revise the GDP which will prove if the USA has slipped into a recession. But the problem is there are still revisions that will be done after this one. So there is no reason to revise the GDP. If we do and it seems we have slipped into recession, everyone will be freaking out. But the truth could be we haven't and we wouldn't know that until the next revision. So in my opinion there is no reason to review the GDP to see if or if not the USA has went into a rescission.

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