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Is GDP An Obsolete Measure of Progress? Time Online

August 25, 2011

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An article by Judith D. Schwartz  Since last summer the nation’s Gross Domestic Product (GDP) has gone up — indeed, it grew at a surprising 5.7% rate in the 4th quarter — seeming to confirm what we’ve been hearing: the recession is officially over. But wait — foreclosure and unemployment rates remain high, and food […]