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Getting a super-sized makeover. the commerce department is unveiling the results of an immense reevaluation of the economy from the great depression to the present having to do with our growing idea economy. here to explain it is c.e.o. and founding part of lexicon capital management. explain to us, first, what, exactly, is the g.d.p.? guest: it stands for gross domestic product, the sum total of the goods and services produced in this country. it is one thing we look at. we also look at consumer confidence and the storm and what we certainly look at and keep track of is g.d.p. heather: what are the changes being proposed? guest: we are going do change how we calculate g.d.p. to reflect the 21st century. those changes primarily fall into two camps in arts and ....
G.d.p. from our country s inception of calculating it from the inexception based on the new formula. most kitchen tables do not talk about g.d.p. heather: because they do not understand how they are affected. by revising the way i is determined it will bolster optimism for the economy and that affected me? guest: the new numbers do reflect the 21st century and it is one way we can look at consumer confidence. we can also hook at employment numbers or the storm, so there are a number of things americans look at to say, how do i feel right now about our country and the path we are on and our growth. heather: thank you so much. we will see what happened next week when it starts, right? you may have noticed this, when you fill up recently the ....