Facebook is free, but should it count toward GDP anyway?

For several decades, gross domestic product (GDP), a sum of the value of purchased goods, has been a ubiquitous yardstick of economic activity. More recently, some observers have suggested that GDP falls short because it ...

This index measures progress and sustainability better than GDP

Conventionally, economists use gross domestic product (GDP) to estimate the sustainability of the economy and the quality of societal welfare. However, this approach is not only incorrect and logically flawed, but also in ...

Molecular switches are not just 'on' or 'off'

The GTPases constitute a very large protein family, whose members are involved in the control of cell growth, transport of molecules, synthesis of other proteins, etc. Despite the many functions of the GTPases, they follow ...

Using physics to make better GDP estimates

A team of Italian physicists has used economic complexity theory to produce five-year gross domestic product (GDP) estimates for several countries around the world. In their paper published in the journal Nature Physics, ...

GDP: Gross Domestic Problem?

It can topple governments, confer international bragging rights and pretty much obsessed the government of China once the country began its long march back to economic prowess.

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