Arts and entertainment now part of GDP act

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Arts and entertainment now part of GDP act

by CBSTV Videos 1:51 mins

Arts and entertainment now part of GDP act

by CBSTV Videos 1:51 mins

The Commerce Department is now including creations in arts and entertainments industries -- such as books, music, and movies -- to calculate the nation's GDP. Using this formula, the GDP actually grew 2.8 percent last year, not the 2.2 percent that was originally reported. Anthony Mason reports.

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