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Is GDP the Best Way to Measure True Economic Prosperity

By Doug Goldstein, CFP®

|

August 30, 2015, 2 PM ET

Professor Dirk Philipsen of Duke University, author of The Little Big Number: How GDP came to rule the world and what to do about it, discusses how GDP became a universally used indicator of economic performance, and what it really means. Is GDP an outdated way to measure prosperity, and are there any alternative methods of assessing economic growth?

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