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Extending the author's prior researches regarding the trend of economic growth in the twenty-first century; and in particular the indications of contracting Gross World Product (GWP) since 2012 when the current dollar figures are adjusted using the Consumer Price Index (CPI), in contrast with...
Persistent link: https://www.econbiz.de/10014078228
This working paper considers the case for the use of the Consumer Price Index as a measure of inflation, and its use in calculating real Gross World Product (GWP). The discussion accords particular attention to the way in which the computation of GWP in CPI-adjusted dollars over time more fully...
Persistent link: https://www.econbiz.de/10014242200
By way of manufacturing output, inflation and population growth data this paper considers per capita U.S. output across the range of officially tracked manufacturing categories over the 1947-2018 period. After arguing for the validity of its method (in particular, the use of CPI-adjusted figures...
Persistent link: https://www.econbiz.de/10013294619