On Sun, 2009-03-22 at 09:22 -0800, Sandwichman wrote:
> I would go one step further -- and here is where we may disagree -- to > say that GDP is intended to measure something like "real" transactions > (or final consumption, if you prefer). If you and I share a car and > every time I take it out I pay you the value of the car, $1000, then > you pay me the value of the car when you take and the car changes > hands three or four times a week, all those transactions don't count > in GDP. If you change a bit your little car game: when I have the car keys you pay me $1000 as a consultant and then I tell you where the keys are (the "service") and vice versa then it does count in GDP each time the keys change hand. I believe goods are now less than one third of USA GDP. Laurent _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
