But Daley said the Grattan Institute the measure of gross national income (GNI) was more relevant because it excluded the benefits the tax cuts would provide for foreign companies flowing overseas.
The company reported strong sales gains for its top medicines, diagnostics and other products, even excluding the benefits of the weak dollar, and projected earnings growth in the top tier of the industry.
The Hudson's Bay Company, Canada's largest department store chain by sales, had a loss of 2 million Canadian dollars ($1.3 million) after excluding the benefits of an accounting rule change in its most recent quarter, as shoppers bought less clothing.
But the definition of net benefits that Professor Kotlikoff and other advocates used excluded the benefits of expenditures on education as well as spending on public goods like highways, environmental regulation and the military and has been criticized on many other grounds.
Furthermore, as patients with fibrosis were excluded, the benefits of resistance exercise upon the progression of liver disease versus metabolic control cannot be disentangled.
In the language of climate policy, this would be called a 'no regrets' strategy, something '… whose benefits equal or exceed their costs to society, excluding the benefits of avoided climate change' (41).
No-regrets opportunities for greenhouse gas emissions reduction are defined as those options whose benefits such as reduced energy costs and reduced emissions of local/regional pollutants equal or exceed their costs to society, excluding the benefits of avoided climate change.
Excluding the benefit of exchange rates, Amazon's sales would have been roughly $3.9 billion.
Excluding the benefit of the weak dollar, sales were up 4.2percentt.
Excluding the benefit from the recent acquisitions of Yoki Alimentos in Brazil and Yoplait Canada, General Mills said sales by volume rose 1 percent.
