U.S. workers produced $20.5 trillion in goods and services last year, but that measure of output said nothing about how the economy’s spoils were divvied up, who benefited most from what the economy delivered and who got the least. Researchers at the agency that compiles output and growth statistics, the Commerce Department’s Bureau of Economic Analysis, are now working to change that. Economists at the agency are developing distributional measures that describe not just how much the nation produced, and how much that production...

Source: Wall Street Journal April 16, 2019 09:31 UTC