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True Picture Of Gross National Product Sparks Critique
A commentary argues the reported 30.3 billion GNP gain for 1972 overstates real growth due to inflation. It claims 15 billion is inflated output, notes inflation rose to 21.7 percent late 1971 then 6.2 percent late 1972, and warns price hikes distort the economy and corporate profits.
MENTIONED IN THIS ARTICLE
New York
Sam
Ilus “Inn
Anan
America
Harold
Passer
The
Price Commission
Eate