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GDP measures to include R&D

The U.S. Bureau of Economic Analysis will begin including research and development (R&D) expenditures in its measures of Gross Domestic Product (GDP), effective July 31. The Bureau will incorporate R&D figures (plus selected other forms of "intangible investments") into its historical measures that date back to 1929, the first year that GDP was officially recorded.  In doing so, R&D will be considered, on the government's books, as an investment, not merely an expense.  The move will also have the effect of giving GDP a one-time boost of about 2.7%.

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