This ought to have been posted under humor. This article is about 'real' GDP created using an index that measures a declining standard of living. In addition remember GDP includes government spending and 'phantom' GDP.

U.S. Economy Grows 3.2% in 4Q
Published January 30, 2014
Reuters

Robust household spending and rising exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014.

Gross domestic product grew at a 3.2 percent annual rate, the Commerce Department said on Thursday, in line with expectations.

While that was a slowdown from the third-quarter's brisk 4.1 percent pace, it was a far stronger performance than earlier anticipated and was welcome news in light of a 0.3 percentage point drag from October's partial government shutdown and a much smaller contribution to growth from a restocking by businesses.
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http://www.foxbusiness.com/economy-polic...grows-32-in-4q/

Here's a chart showing real GDP created using an index that measures a declining standard of living. I still includes government spending and phantom GDP.

Zitat

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The result? BusinessWeek's analysis of the import price data reveals offshoring to low-cost countries is in fact creating "phantom GDP"--reported gains in GDP that don't correspond to any actual domestic production.
http://www.businessweek.com/stories/2007...t-of-offshoring

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