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GDP versus GNP

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So, having used GDP as a key economic index throughout the boom, the ESRI appears to have switched to GNP because multinational profits are faltering.

Does that mean that, to be consistent, we should also use Debt/GNP (currently 151%) rather than Debt/GDP (124%)  as a key index and do we start measuring per capita prosperity using GNP (€29,600) rather than GDP (€36,900) ?

Letter published in the Irish Times on 19th December 2013.

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This page contains a single entry by Brian published on December 22, 2013 1:09 PM.

Lies, Lies and Statistics was the previous entry in this blog.

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