bureau of economic analysis - New York News Beep | NewsBeep.com

According to Allison Schrager at the Manhattan Institute, GDP is important for measuring policy. "We have these consistent statistics that tell us how we're doing across time, how we compare other countries," said Schrager. "And that's going to be super important for accountability."

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Why we still use GDP to measure economic growth

August 17, 2026

When it comes to measuring whether an economy is growing, Gross Domestic Product (GDP) is basically the gold…