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In the last several years GDP has gained favor as a more accurate barometer of the state of the economy. With growing globalization our economy is increasingly reliant on goods we produce beyond our national borders. While GNP does not calculate this, GDP does. Though the GDP and GNP are the most widely used system of determining a nation's economic performance, they are certainly not perfect. There are certain factors within the economy that keep the GDP and GNP from being the most reliable measurements.
The first factors are reporting delays. Because the reporting process on a nation's monetary flow is so difficult to document, GDP estimates are made quarterly...
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