Filling in the gaps that Gross Domestic Product skips
Many believe the Gross Domestic Product (GDP) cannot measure much of what contributes to the U.S. economy.
The U.S. gets its latest reading on the economy today. Analysts are expecting growth in GDP to slow for the first three months of the year due -- in part -- to bad weather. Many people consider Gross Domestic Product the final word on how the economy is doing. But does the measure of money changing hands really tell us how well we are doing?
Kristen Lewis, co-director of Measure of America, joins Marketplace Morning Report host David Brancaccio to discuss her organization's alternative measure and how various localities and ethnic groups are faring. Click on the audio player above to hear more.