DB#3 - How well does GDP do? Clearly, Real GDP has taken a severe hit due to the Covid-19 pandemic. FRED - Real Gross Domestic Product 19.400 1 200 18 600 18.400 Billions of Chained 2012 Dollars 18 200 17.800 IT 600 17 400 17 200 01 2919 02 2019 Q3 2019 04 2019 Q1 2020 102 2020 03 2020 U.S recessions are shaded, the most recer and date is undecided Source: U.S. Bureau of Economic Analysis fred.stlouisfed.org My question to you is, do you think that the Real GDP data tells the complete story of the losses due to Covid? Think about the limitations of GDP as a measure of well-being. Do you think that GDP overestimates or underestimates the issues associated with the pandemic