4 myths about economic growth and why GDP is so critical – Sectors – Economy
In the midst of the Great Depression in the United States in the 1930s, economist Simon Kuznets sought to measure the country's economic activity to help get out of the brutal crisis.Originally, it was asked what activities are truly productive and how well-being is promoted in a country, but when the Second World War broke out, the priority of measuring the wealth generated by a country changed: it was necessary to know how much was produced and how much was left for finance the war.With the war over, the US needed to know how the recipients of economic aid for…
