Tim,

Thanks for your comment. My definition of GDP is literally from an economic textbook. My definition of GDP, as well as my definition of recessions and all the other definitions I use in this story is the definition taught to be during my years studying economics.

You could say the definitions here are limited or too focused or too academic. Saying its “wrong” because it doesn’t seem to match up with what you found on Wikipedia is, well, “wrong” lol.

I do appreciate the feedback. I think we agree with the same primary message which is that numbers that get reported in sound clips like GDP don’t always paint the clearest picture for people’s changes in their quality of life.

Thanks,

Ben

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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