It's too ambiguous to just say 'the economy' 🤦🏻‍♂️

It's become necessary to qualify what you're talking about 🤔

The economy is booming, some people say. Others say it’s broken.

They’re usually staring at the same numbers and data. But where they differ is how they weigh those metrics in their definition of “the economy.”

Is GDP the best way to measure the economy? 🤔

If you only looked at GDP, you’d think the economy was doing great.

According to the BEA’s most recent estimate, GDP grew at an impressive 4.4% rate in Q3. And according to the Atlanta Fed, GDP is on track to have grown at a whopping 5.4% rate in Q4.

But is GDP a sufficient or relevant measure of the economy?