General World News

We’re measuring the US economy all wrong — Goldman Sachs blames Google and Snapchat for ‘missing’ $200 billion in GDP

Phones

  • Goldman Sachs says we may be measuring the economy all wrong, and that up to $233 billion has gone “missing.”
  • “The most likely explanation is measurement error, which can be particularly high in industries where the universe of products or the firms that provide them is rapidly evolving,” the report said.
  • And Goldman says its estimates are more subdued compared to others.
  • View Markets Insider for more stories.

Goldman Sachs says that the US economy may be “missing” up to $233 billion due to free goods such as Google Maps and Snapchat.

The internet has blurred the lines of economic read more >>>

Source:: BusinessInsider.Com