Fun Fact of the Day, November 15, 2019

November 15, 2019

New Ways To Count - The size of the US economy as of 9/30/19 will be published on Wednesday 10/30/19 with the release of the government’s “advance estimate” of our nation’s “Gross Domestic Product” (GDP), measured at $21.34 trillion in size as of 6/30/19. Some economists believe the measurement of GDP is outdated, focusing on tangible output but failing to account for some of the economic activity in today’s technological world, possibly understating our economy’s size by 2% or $400-450 billion (source: Mark Cliffe, ING Group). Reprinted with permission from BTN.

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