quinn malone - chapter 9

GDP is the main topic of this chapter 9. It also explains how the economy is so up&down. One moment the economy is at a boom and then before you know it it is on a low/recession. Wheelan claims GDP is the best way to measure and compare how countries are doing. The only "flaw" this has is it excludes the money of illegal things such as drugs, weapons, and paid assassins. This was a very interesting chapter and covered a lot. I still am confused a bit on how GDP works but still a good topic to learn and read about.