What We Know About Santa’s Salary

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.

How To Price a Nobel Prize

Shown by auctions of Nobel prize medals from recipients like Simon Kuznets and James Watson, through markets, the price system conveys information.

Three Big Questions About the GDP

GDP problems include that it’s not calculated the same way in different countries, its data can be tough to gather, and its components omit important items.

How Much Would Santa Earn If We Paid Him?

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.

Why the GDP is Much More Than a Number

Seemingly just a statistic, how we calculate the GDP and how it is used can be controversial and affect the lives of millions of people.