Do to my limited knowledge of economics (though it is improving by the week) I am not too sure of a better way to measure the economy apart from current GDP. With my weak, but expanding economic literacy, I believe that by measuring the total income of all working people as a whole, is a good mean to measure the economy. Cut out government spending from the equation (to be accounted for separately) of GDP, thus, highlighting an accurate measure of the economy spotlighting and accounting only the amount of income of the nation's working folk. This could be a better way to measure GDP, including only real income figures revealing the living standards of the people by detracting the government's spending and common (unintentional or not) fraud waste and abuse which regularly occurs, which I believe distorts GDP figures. This might be an adequate measure of the economy apart from current GDP figures.
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