Beyond the Market: Designing Nonmarket Accounts for the United States

Description

The national income and product accounts that underlie gross domestic product (GDP), together with other key economic data price and employment statistics are widely used as indicators of how well the nation is doing. GDP, however, is focused on the production of goods and services sold in markets and reveals relatively little about important production in the home and other areas outside of markets. A set of satellite accounts in areas such as health, education, volunteer and home production, and environmental improvement or pollution would contribute to a better understanding of major issues related to economic growth and societal well-being.

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