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Clark, Colin

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Clark, Colin, 1905–89, British economist. A statistics professor at Cambridge Univ. (1931–37), he taught in Australia and Great Britain until 1952, serving as economic adviser to the governments of both nations. Widely noted for his groundbreaking work in economic statistics and national income estimates, Clark was also among the first economists to use gross national product gross domestic product plus income earned by domestic residents through foreign investments minus the income earned by foreign investors in the domestic market. Gross domestic product, often confused with GNP, is calculated from the total value of goods and services produced in an
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 rather than national income as the basis of his studies. His best known work is The Conditions of Economic Progress (1940, repr. 1982).


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CHILDREN: Five children: Kevin, Craig, Clark, Colin and Kent.
 
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