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  Journal Article   Journal Article
 

ID127929
Title Proper(Mis)leading indicators
Other Title Informationwhy our economic numbers distort reality
LanguageENG
AuthorKarabell, Zachary
Publication2014.
Summary / Abstract (Note)Economic numbers have come to define our world. Individuals, organizations, and governments assess how they are doing based on what these numbers tell them. Economists and analysts loosely refer to statistics measuring GDP, unemployment, inflation, and trade deficits as "leading indicators" and subscribe to the belief that these figures accurately reflect reality and provide unique insights into the health of an economy. Taken together, leading indicators create a data map that people use to navigate their lives. That map, however, is showing signs of age. Understanding where the map came from should help explain why it has become less reliable than ever before.
`In' analytical NoteForeign Affairs Vol. 93, No.2; Mar-Apr 2014: p.90-101
Journal SourceForeign Affairs Vol. 93, No.2; Mar-Apr 2014: p.90-101
Key WordsEconomic ;  GDP ;  Economists ;  Deficits ;  Economy ;  Global Economic System


 
 
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