Monday, August 22, 2016

The Hunt Is On for a New Way to Measure the World's Economic Output - Bloomberg

The Hunt Is On for a New Way to Measure the World's Economic Output - Bloomberg



...The scale of change is fueling the debate over whether activity on the ground is being accurately captured. One example: payments that were once made over the counter have now transitioned online, beyond the scope of traditional retail-sales indicators....Airbnb Inc. has a market value close to that of Hilton Worldwide Holdings Inc., yet the impact of Airbnb rentals on GDP is harder to quantify...Wikipedia and the free operating system Linux, with a “collective” global nature

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