Facebook is free, but should it count toward GDP anyway?
Tuesday, March 26, 2019 - 11:52
in Mathematics & Economics
For several decades, gross domestic product (GDP), a sum of the value of purchased goods, has been a ubiquitous yardstick of economic activity. More recently, some observers have suggested that GDP falls short because it doesn’t include the value of free online goods such as social media, search engines, maps, videos, and more. A new […]