Abstract
Gross Domestic Product (GDP) is an effective measure of national income, in its narrow sense as measuring economic output, and has demonstrable utility in informing macro-economic policy decisions and the efficacy of key policy interventions over time. However, GDP is not a measure of the achievement or otherwise of other policy objectives.
Original language | English |
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Type | Advice paper |
Media of output | |
Number of pages | 8 |
Place of Publication | Edinburgh |
ISBN (Electronic) | 2024-2694 |
Publication status | Published - 10 Jan 2022 |
Keywords
- gross domestic product (GDP)
- UK Parliament
- Environmental Audit Committee