For several years now, I have been advocat[ing] the need for adding a new national aggregate statistic called Gross Domestic Expenditures (GDE) that measures total spending at all stages of production and not just the final stage (GDP).
I believe that GDE fills in a major piece of the macroeconomic puzzle. It establishes the proper balance between production and consumption, between the “make” and the “use” economy, and one that is consistent with growth theory.
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See also Concerning GDP.