me: >> the key question is whether or not the new measure of GDP is more >> accurate than the old.
raghu: > No, I'd argue that the key question is whether or not the new measure of GDP > is more RELEVANT than the old. how do you define "relevant"? with either the new or the old GDP measure, the number presents only production that's sold through the market, ignoring non-market costs and benefits. -- Jim Devine / "Reality is that which, when you stop believing in it, doesn't go away." -- Philip K. Dick _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
