December 26, 2015
This week's economic news summary includes Apple's corporate taxes, Santa's GDP connection, seasonal spending, the gender gap and the brain and shopping.
This week's economic news summary includes Apple's corporate taxes, Santa's GDP connection, seasonal spending, the gender gap and the brain and shopping.
Although BLS data indicates what Santa's salary could be, because it is unpaid work and comes from the North Pole, it is excluded from the GDP.
If they tried to include the work that moms and dads do at home, national income accounting statisticians would have a tough time quantifying unpaid work.