ON GDP

because the US government does not count anything in GDP unless it is sold in the market, the vast expansion of television entertainment and the introduction of services like Google and Facebook have been completely excluded from the national account.




Read more at http://www.project-syndicate.org/commentary/robert-gordon-future-us-economic-growth-rate-by-martin-feldstein-2015-08#ClODqtvUcT7isxiW.99