Police officer: I pulled you over for speeding. You were going 80 miles per hour. Driver: But

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Police officer: “I pulled you over for speeding.

You were going 80 miles per hour.”

Driver: “But that’s impossible, officer! I’ve only been driving for 15 minutes!”

The government reports GDP numbers every quarter. How does this story illustrate the meaning of “GDP per year” when the GDP number is reported every three months? nm47

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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