Latest / How Canadian Markets Work
Episode 21: What GDP Measures (And What It Leaves Out)
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!
Episode Summary An economy grows by two percent, but the average citizen actually gets poorer. In this episode, John and Jane kick off their economics season by untangling Gross Domestic Product (GDP). They explain why a growing population can make headline growth numbers highly misleading, track down where your unpaid household labor disappears in the national accounts, and look at why a destructive natural disaster can paradoxically make the country's economic scorecard look better.
Key…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.