GDP: Add 3% and Some Bad Accounting

Via Mark Thoma, the Financial Times reports on the expected changes to US GDP accounting rules that are likely to raise the GDP level by 3% when they are implemented in July. I am not an expert on all the technical aspects of measuring GDP (I always hope that whomever is dealing with this is [...] View the full post at: GDP: Add 3% and Some Bad Accounting Related posts: Europe’s Bank Stress-Test: Will International Accounting Standards Pass? FASB Votes in Favour of Fair-Value Rule GDP Data Stronger Than Financial Headlines Suggest