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An entertaining explanation of key numbers used by economists and governments

The unemployment figures do not actually tell us about the state of unemployment in a country, GDP figures do not actually give us an accurate measurement of the health of a country’s economy, and the trade deficit between the United States and China may actually be a trade surplus, according to Zachary Karabell in his book The Leading Indicators: A Short History of the Numbers That Rule Our World.

My full review of the book is available at my business book reviews website.