Researched
National Accounts & GDP
Kuznets' national-income estimates (1934) give governments one yardstick for the whole economy: GDP.
Open in the interactive tree →Simon Kuznets compiled US national income for Congress during the Depression; wartime budgeting and the UN System of National Accounts (1953) standardised the method. GDP still steers policy, and its blind spots (unpaid work, environment, wellbeing) drive the search for better measures.
Prerequisites
Unlocks
- Measuring Beyond GDPopenGDP is the yardstick that 'beyond GDP' measures want to complement
- Beyond-GDP Indicators Adopted2030s?