Just curious, how much of GDP is strictly a function of money? In other words, if consumers purchased at exactly the same rate, could GDP rise simply because the things consumers purchased had gone up in price?
A person who won't read has no advantage over one who can't read.
GDP is in my opinion a fictitious figure manipulated to allow accountants a basis to squander and conceal. It's intended measure, Gross Domestic Product is or was intended to represent overall production output of the United States. It has been manipulated beyond any real function as a measuring tool in my opinion.
I am sure others will have a much more educated opinion.
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
Is GDP growth inflation-related?
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Posted - 04/30/2010 : 10:39:11
