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After GDP Disappoints, White House Says To Use “GDO”

It is not only in the world of finance where analysts and hedge fund managers come up with bizarre metrics to justify a stock, in the world of macro this too appears to be the case. After GDP numbers this quarter disappointed, the White House put out a white paper touting GDO. As we explain below..

The Bureau of Economic Analysis (BEA) started publishing the Gross Domestic Output (GDO) as a more accurate measure of economic growth than Gross Domestic Product (GDP) and Gross Domestic Income (GDI), according to the White House.

GDO is the average of GDP and GDI

The White House released an issue brief explaining that the GDO is the average of the GDP and GDI, both designed to measure the country’s economic growth.

The GDP measures all expenditures on final goods and services produced in the United States while the GDI tracks all income received...