GDP is a number that is often cited but what does it really tell us? Actually, what does it even pertain to and what is the relevance in the economy that is forming?
In this video I discuss some of the history of this metric along with where it is faulty. At this point, it is the best we have so I guess we are stuck with it until someone comes up with a metric that many agree upon has validity.
▶️ 3Speak
I think maybe with the advancement of AI, this GDP terminology might be replaced with something more accurate as an economic term.