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Old 03-13-2018, 11:26 AM
 
Location: Aurora Denveralis
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Quote:
Originally Posted by Supposn View Post
GDP doesn't report what should have or not have been done, but rather what has been done.
The discussion here (like most) keeps going back and forth between this narrow interpretation and a wider inclusion of "national productivity."
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Old 03-13-2018, 08:00 PM
 
1,030 posts, read 561,267 times
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Quote:
Originally Posted by Quietude View Post
The discussion here (like most) keeps going back and forth between this narrow interpretation and a wider inclusion of "national productivity."
Quietude, the nation's GDP statistically describes the nation's entire production of goods and services. What discussion of the nation's productivity is wider than that?

I suppose you want to discuss the more subjective topics of production which are not questions regarding national productivity but are rather in regard to persons', enterprises', and nations' priorities. Those topics differ from the discussion of GDP and/or productivity.

Respectfully, Supposn
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Old 03-14-2018, 03:48 AM
 
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Not every single solitary thing that goes into the GDP total is good, but I presume you value your paycheck, and if that went up by a certain amount, GDP would go up by that amount.

GDP basically assumes that goods and services are worth what someone pays for them.
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