Sunday, January 31, 2010
GDP and Bowling Analogies
The Wall Street Journal reports that the U.S. economy grew at an annualized rate of 5.7% in the fourth quarter of 2009, and provides an excellent interactive graphic that tells the story of Adam, a (horribly inefficient) bowling pin manufacturer, as a way of explaining the effect of inventory drawdowns on the measurement of GDP.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment