For your United States, an important share of high tech goods are imported (plus some critical types are exported in major levels too). Health Care Medical care makes up a large and rising share of GDP in sophisticated economies. Notwithstanding the important advance made formerly, I’d disagree that substantial measurement issues remain. Inside the Usa, Economic Analysis’ Agency is applying reasonable proxies for software costs. Sichel Wellesley College (1) (1) The author is Lecturer of Economics at Wellesley College.
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