Just remember that GDP was designed to measure output in the marketplace, not to measure economic well-being.
For example, GDP is measuring final output at market prices: but if we have rationing and price controls then how can we really measure output at market prices?
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Not only does this raise questions about how corporations are defining their organizations but also, in many cases, how they are starting to measure output.
It's notoriously hard to measure output from across government.
Defence output in this form is difficult to measure and value - what is the output of UK defence spending and is it a worthwhile investment?
It would plainly be better to measure the output of government spending than the input.
Second, how best to measure global output depends on the purpose of the measurement.
One way of squaring the circle would be to measure economic output (and therefore growth) in terms other than simple GDP.
We trade or invest our surplus output using dollars to measure transactions today or to store value for future enjoyment.
"If you want to structure a remote-work agreement, voluntarily work several consecutive Saturdays and measure your output increases (e.g. deals closed, client hours booked, etc.), " Ferriss said.
The measure for output slowed to 51.3 from 52.0 in December, while the employment index fell to 47.8 from 49, flashing a warning signal that companies are cutting jobs.
As output is hard to measure in most professional jobs, managers will fall back on the oldest gauge of performance: favouring those employees who get in early and leave late.
This is the measure of output (taken as operating profit after tax and some other adjustments) less input (taken as the annual rental charge on the total capital employed, both debt and equity).
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It has adjusted UK gross value added, a measure of economic output, to exclude energy extraction and use, and also financial and insurance activities.
Not only are the emerging economies growing rapidly, they also save a higher percentage of the Gross Domestic Product (a standard measure of economic output for an economy).
You see, U.S. productivity, which is a measure of employee output per hour, is now increasing at an unusually high rate of 4%, the fastest pace since leaving the depressed recession of 2002.
Indeed, as economies become ever more sophisticated, and real economic output ever more difficult to measure accurately, prudent makers of monetary policy will have to monitor an ever-broader set of indicators, equity prices included.
For some, that is another reason to take this first estimate with an extra dose of salt: service sector output is especially hard to measure accurately, even without all these special factors being thrown into the mix.
Output is absurdly easy to measure.
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Students in this debate function as mere output, or just one more measure of effectiveness, rather than as human beings.
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To confuse matters more, the most popular productivity measure in America is output per hour in the non-farm business sector, which grew by an annual average of 2.5% over the past five years.
When you measure productivity in terms of output per hour worked, instead of output per worker, these ONS numbers show that our productivity growth has not been very different from other European countries.
It may not seem a big difference, but it matters when it's a measure of the whole economy's output.
Economists tend to measure the economy using productivity metrics such as output per hour worked.
The 400PT is a heavy monster that won't slide around the floor and it has cutting-edge electronics that measure heart rate, calorie burn and power output by the watt.
Still, by any measure, Williams's 57 was an impressive output (21 for 21 from the line, which will warm the heart of every high school coach alive), and focused some deserved attention on one of the game's most talented but unheralded performers.
The PMI is a measure of health of companies in China, as it includes output, new orders, employment and prices across numerous sectors.
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These sources have been combined with agricultural output data and employee jobs data for the public sector to provide a measure of change in local economic activity.
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