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Real Gross Domestic Private Product, 2000–2012 By Robert Higgs This article appeared in the Summer 2013 issue of The Independent Review Abstract Until World War II and the postwar years, when the federal bureaucracy institutionalized the government’s preferred method for calculating national income, economists offered sound arguments for excluding government spending from estimates of gross domestic product. Using their general approach reveals that the private economy’s performance for the past thirteen years has been only somewhat better than complete stagnation.   Read the Full Article (PDF, 4pp.)