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December 13, 2022
Getting past the uncertainty of GDP to find something better
by George Muir • Business, Comment, Everything Omni, Wellbeing
The other night, my fourteen-year-old daughter was revising for her Economics exam, and we discussed the Swedish Economic Model and its relevance in our own age of uncertainty. According to the International Monetary Fund, Sweden’s national debt to GDP ratio has fallen chiefly since 1995. We proceeded to discuss the term Gross National Product (GDP). GDP measures the monetary value of final goods and services produced in a country in a given period of time over three months or a year. More →