Despite constant improvements, there are still problems with our measures for production, inflation, and unemployment. In discuss some potential problems with the current measures of GDP, CPI inflation, and U-3 Unemployment Rate. In particular, be sure to include the following:

1. GDP in comparison to measures of Well-being
2. The CPI in comparison to the PCE
3. Unemployment and alternative measures of labor utilization

In additional to those comparisons, reflect upon how using a different measure could affect economic policy.