If the U.S. government wanted to, it could just say that everyone who is unemployed is “employed in the job search” and
Posted: Sun May 08, 2022 9:47 am
If the U.S. government wanted to, it could just say that
everyone who is unemployed is “employed in the job search” and
receiving a paycheck for this “work,” and the government could
claim that these government employees are producing “job search
services.” Recall that in the official definition of GDP,
government purchases(G), do not include transfer
payments like unemployment checks and Social
Security.
everyone who is unemployed is “employed in the job search” and
receiving a paycheck for this “work,” and the government could
claim that these government employees are producing “job search
services.” Recall that in the official definition of GDP,
government purchases(G), do not include transfer
payments like unemployment checks and Social
Security.