Last Updated：2022/12/22
Sentence
Economics
is
a
messy
discipline:
too
fluid
to
be
a
science,
too
rigorous
to
be
an
art.
Perhaps
it
is
fitting
that
economists’
most-used
metric,
gross
domestic
product
(GDP),
is
a
tangle
too.
GDP
measures
the
total
value
of
output
in
an
economic
territory.
Its
apparent
simplicity
explains
why
it
is
scrutinised
down
to
tenths
of
a
percentage
point
every
month.
Quizzes for review
Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.
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