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Do-It-Yourself Labor Skews GNP Figures, Porter Notes
Sylvia Porter argues that DIY labor does not count toward GNP, only materials. She cites a 1963 road project and a bar built for little cost, saying billions in DIY purchases boost productivity yet remain uncounted. She cites Stanford economist Karl Brandt estimating undercounting by up to 20 percent yearly.
MENTIONED IN THIS ARTICLE
GNP
U. S
Stanford
Karl Brandt
Council of Economic Advisers
Eisenshower
CNP
Department of Cause