Ball State University MUNCIE, Ind. – I give a number of public talks each year on changes to the state and local economy. One trick I use to help folks understand these changes is to ask a couple questions. This sets up a great discussion about issues ranging from educational attainment to quality of life to economic development and trade policy.
The first question is simple: “In what year did Indiana’s manufacturing economy produce the most ‘stuff’ as measured in inflation-adjusted dollars?” Economists call this Gross Domestic Product, and it is measured as the value-added production in our state. That […]
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